Hermès acquires stake in Maison Pierre Hardy

The Hermès Group has acquired a stake in Maison Pierre Hardy, a French footwear and accessory design company led by Pierre Hardy, its Founder and Artistic Director.

“I'm very pleased, and very proud, of our alliance with Hermès, a house which champions the exceptional. It's the natural extension of 25 years of creative collaboration," said Pierre Hardy.

“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," added Axel Dumas, Hermès International’s Chief Executive.

Following the success of the collections that Pierre Hardy designed for its footwear lines since 1990 and jewellery ranges since 2001, Hermès is strengthening its ties with the designer by acquiring a minority stake in the company. The agreement highlights Hermès' aim to contribute to the label's global growth.