Hermès Group acquires minority stake in Pierre Hardy
Hermès Group has acquired a minority stake in footwear and accessories company Pierre Hardy, as it seeks to strengthen ties with its eponymous founder, who designs footwear and jewellery collections for the company.
“I’m delighted with our partnership with Pierre Hardy, which shows how proud we are to support creative talent and incredible expertise as part of this unique tribe that strives for excellence,” Axel Dumas, Hermès international chief executive, said in a statement.
Hardy has designed footwear and jewellery collections for Hermès since 2001, and the company said its acquisition highlights its ambition to contribute to Pierre Hardy’s growth plans and solidify its close working relationship with the designer.
Pierre Hardy has three direct retail stores: in Paris, New York and the Aoyama district of Tokyo, the last of which opened last March. The brand is sold in 200 doors globally.
Hermes Group also owns British shoemaker John Lobb.