Skip to content

Hermes to Join Euro Stoxx 50, Cementing Luxury Brand’s Ascent

  • Hermes replaces Universal Music Group in the benchmark
  • Shares of the luxury goods retailer have rallied 90% this year
LVHM and Luxury Giants Profit Hit by Store Closures in Wake of Virus
Photographer: Adrienne Surprenant/Bloomberg

Hermes International is set to join one of Europe’s main equity benchmarks, an inclusion that will further bolster the French luxury company’s visibility among investors.

Hermes, the maker of Kelly and Birkin handbags will replace Universal Music Group N.V. in the Euro Stoxx 50, index operator Qontigo said in a statement late on Wednesday. The change will be effective as of Dec. 20.