Acquired
Hermès
Unnamed Speaker
It's crazy. And the reason why no one's a loser here and everyone's a winner is because Hermes truly is the crown jewel. It is such an unassailable, exceptional business. The last 12 months, it did $14 billion in revenue, $5.7 billion in operating income. They have a 71% gross margin and a 44% operating margin. It's a software business that doesn't need any R&D.
0
💬
0
Comments
Log in to comment.
There are no comments yet.