French luxury group Hermes has delivered a robust financial performance in full-year 2025, reporting consolidated revenue of €16 billion (~$19 billion), up 5.5 per cent year on year (YoY) at current exchange rates and 8.9 per cent at constant exchange rates compared with €15.17 billion in 2024.

Recurring operating income rose 7 per cent to €6.57 billion (~$7.8 billion), lifting operating margin to 41 per cent of sales from 40.5 per cent a year earlier. Net profit attributable to the group stood at €4.52 billion (~$5.4 billion), slightly below €4.6 billion in 2024 due to an exceptional contribution on large companies’ profits in France. Adjusted for this impact, net profit increased 5.5 per cent to €4.86 billion.

Paris-based Hermes has posted revenue of €16 billion (~$19 billion) in 2025, up 5.5 per cent YoY, while recurring operating income reached €6.57 billion (~$7.8 billion) with a 41 per cent margin.
Net profit stood at €4.52 billion (~$5.4 billion).
Fourth-quarter sales were €4.09 billion (~$4.9 billion), supported by strong demand across Europe, the Americas and Japan.

The company maintained strong cash generation, with operating cash flow reaching €5.61 billion and adjusted free cash flow rising to €3.88 billion. Equity increased to €18.84 billion, while the restated net cash position strengthened to €12.77 billion at the end of December 2025, Hermes said in a press release.

Regionally, Asia remained the largest contributor with revenue of €8.29 billion, growing 2.6 per cent. Asia-Pacific excluding Japan generated €6.7 billion, while Japan recorded strong growth of over 10 per cent to €1.59 billion. The Americas posted revenue of €3.08 billion, rising 7.3 per cent. Europe also performed steadily, with France reaching €1.58 billion and Europe excluding France €2.36 billion. The Middle East-led “Other” region grew 11.2 per cent to €697 million.

Across product segments, Leather Goods and Saddlery continued to drive performance, rising 13 per cent due to strong demand and expanded production capacity. Ready-to-wear and Accessories increased 6 per cent, while Silk and Textiles grew 5 per cent.

In the fourth quarter, the group’s revenue totalled €4.09 billion (~$4.9 billion), up 3.1 per cent at current exchange rates and nearly 10 per cent at constant exchange rates. Growth was supported by solid performance across Europe and the Americas, while Asia remained broadly stable due to base effects.

During the quarter, Europe generated €1.07 billion in revenue, Japan €387 million, Asia-Pacific excluding Japan €1.54 billion, the Americas €906 million, and the Middle East-led ‘Other’ region €182 million.

Axel Dumas, executive chairman of Hermes, said: “The Hermes model based on an exclusive and qualitative network, as well as strong vertical integration, has once again proven successful. This distinctive strategy has enabled the house to achieve robust revenue growth and strong performance. I warmly thank the Hermès teams who share our commitment to uncompromising quality as well as our customers for their loyalty. In an uncertain environment, Hermes is moving into 2026 with confidence, underpinned by its creativity and exceptional savoir-faire.”

Looking ahead, Hermes reaffirmed its medium-term ambition of sustained revenue growth at constant exchange rates, despite global economic and geopolitical uncertainties. Due to its unique business model, Hermes is pursuing its long-term development strategy based on creativity, maintaining control over know-how and singular communication. The theme of the year for 2026, Venture beyond, is an invitation to discover new horizons and renew our curiosity, constantly, added the release.

Fibre2Fashion News Desk (SG)

The Confederation of Indian Textile Industry (CITI) and CITI-Cotton Development and Research Association (CITI-CDRA) organised a conference, ‘Bharat CotNet 2026’, in Bhilwara, Rajasthan, on February 17, to enable stakeholders across the value chain to discuss and deliberate on ways to create a robust, resilient, and sustainable cotton ecosystem in the country.

The conference, organised in partnership with TEXPROCIL (The Cotton Textiles Export Promotion Council) and Kasturi Cotton, and supported by the Indian Textiles Ministry, the Rajasthan government and Cotton Corporation of India, witnessed the launch of two signature initiatives aimed at boosting premium cotton production with a special focus on ELS varieties. The two new initiatives are Kasturi Cotton Villages and Kasturi Cotton Mitras.

CITI and CITI-CDRA hosted Bharat CotNet 2026 in Bhilwara to strengthen India’s cotton ecosystem through collaboration across the value chain.
Two initiatives were launched to boost premium and ELS cotton production with traceability and scientific agronomy.
Leaders stressed that farmer prosperity is key to building a resilient, globally competitive textile sector.

Across the various sessions, speakers, including Rajasthan Chief Secretary V Srinivas and Joint Secretary (Fibre) in the Indian Ministry of Textiles Padmini Singla, highlighted that when the cotton value chain thrives sustainably, farmers prosper, manufacturers scale responsibly, exporters grow stronger, and India gains more strength in the global textiles and apparel arena.

In keeping with this thought, under the Kasturi Cotton Villages programme, select cotton-growing hubs will be ‘adopted’ as model villages. These sites will serve as benchmarks for the Kasturi Cotton Bharat (India’s premium cotton brand) standard, focusing on certified seed adoption, best agronomic and harvesting practices, and complete traceability. The goal is to establish 3–5 model villages per district across India’s cotton belt.

As part of the Kasturi Cotton Mitras initiative, trained field facilitators will be deployed to provide real-time, science-based handholding support to farmers for soil regeneration (using biochar), water management, and judicious fertiliser use, ensuring every harvest meets world-class specifications.

Addressing the conference, Ashwin Chandran, Chairman of CITI and CITI-CDRA, said that the strength of India’s textile industry depends upon the prosperity of the farmer. “When the farmer gains confidence and stability, the entire value chain becomes stronger,” he remarked.

“By identifying villages and empowering trained Mitras, we are creating a system where scientific agronomy, clean picking and contamination-free handling become part of daily farming practices. This will convert Kasturi Cotton from a certification concept into a living ecosystem,” Chandran pointed out.

CITI Deputy Chairman Dinesh Nolkha said the partnership between government institutions and organisations like the CITI-CDRA will be critical to ensuring that the benefits of the Kasturi Cotton Villages and Kasturi Cotton Mitras initiatives reach every cotton-growing village.

“Rajasthan, with its integrated cotton-to-textile ecosystem, offers an ideal starting point. I am confident that the experience gained here will pave the way for replication across other cotton-growing states and further strengthen India’s position in global textile markets,” Nolkha stated.

Rajasthan Chief Secretary V Srinivas said there was an urgent need to improve the productivity of India’s cotton sector. The Rajasthan government would offer its full support to the Kasturi Cotton Villages and Kasturi Cotton Mitras programmes.

Sangam (India) Vice Chairman Dr. SN Modani and TEXPROCIL Executive Director Dr. Siddhartha Rajagopal also underlined the important role that the Kasturi Cotton Villages and Kasturi Cotton Mitras could play in strengthening India’s cotton ecosystem.

In her introductory remarks, CITI Secretary General Chandrima Chatterjee said the Kasturi Cotton Villages and Kasturi Cotton Mitras were steps towards ensuring that quality begins at the farm itself.

Fibre2Fashion News Desk (RKS)

Cambodia attracted $5.1 billion in foreign direct investment (FDI) last year—a year-on-year (YoY) rise of 16 per cent, despite global economic headwinds, geopolitical tensions and tighter financial conditions in major economies.

China remained the leading source of FDI, contributing nearly $3.76 billion—up by 42.3 per cent YoY—and dominated FDI in the manufacturing sector, according to the Council for the Development of Cambodia and the National Bank of Cambodia (NBC).

China’s share was 73.7 per cent of total FDI, according to domestic media reports.

Cambodia attracted $5.1 billion in foreign direct investment (FDI) last year—a YoY rise of 16 per cent.
China remained the leading source of FDI, contributing nearly $3.76 billion—up by 42.3 per cent YoY—and dominated FDI in the manufacturing sector.
China’s share was 73.7 per cent of total FDI.
Singapore ranked second with $347 million, accounting for 6.8 per cent of total FDI inflows.

Singapore ranked second with $347 million, accounting for 6.8 per cent of total FDI inflows. Canada came in third with $230 million, contributing 4.5 per cent. Malaysia invested $174 million, representing 3.4 per cent of total FDI, while South Korea contributed $165 million, close to 3.2 per cent.

Fibre2Fashion News Desk (DS)