Hermès Group acquire minority stake in Pierre Hardy
Hermès Group has acquired a minority stake in footwear and accessories company Pierre Hardy. The French luxury fashion house seeks to strengthen ties with its eponymous founder, who has designed footwear and jewellery collections for the company since 2001. The move adds to Hermès’ interest in the luxury footwear market as the company also owns traditional British shoemaker John Lobb. It also marks a new period of growth for Pierre Hardy as it pushes forward with its expansion plans at time when demand for shoes is outpacing bags and apparel!