French designer Hermes International S.A. is going to pay outgoing CEO Patrick Thomas almost 1 million euros ($1.3 million) per year from 2014 to 2017 in a 10-year non-competition agreement. The deal was reportedly signed on November 1. Thomas graduated from Ecole Superieure de Commerce de Paris. Leading the company since 2006, he was the […]

Here is how the internationally known luxury brand Hermes went from selling saddles to handbags.