On Friday last week, Hermès reported strong performance for 4Q 2023 with sales increasing 17.5 percent YoY to 3.36 billion euros ($3.76 billion), surpassing analysts’ expectations. This growth was seen across all regions, including China. For the full year, sales surged nearly 21 percent to 13.43 billion euros ($15 billion). Notably, Hermès also plans to implement a global price increase of 8 percent to 9 percent this year to offset higher production costs. Following the financial report release, Hermès’ stock price rose by 3.7 percent, reaching a market value of approximately 227 billion euros ($254.24 billion).