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French boutique Hermès opening store in Cancun luxury mall

Cancun, Q.R. —  The emblematic French boutique Hermès will open a new store in the Cancun luxury mall in April, while announcing the opening of another luxury shop in Mexico City.

Hermès, known for their leather goods, clothing and accessories, will inaugurated its new store in Cancun in April, while also preparing another opening in Mexico City. With these openings, Hermès will add eight stores in the national market.

The new Hermès boutique in Cancun is located inside the Luxury Avenue shopping center. In addition to its opening in the Mexican Caribbean, Hermès has announced another opening in Mexico City, specifically inside the Artz Pedregal shopping center.

After these two openings, Hermès resumes its growth in Mexico and is preparing to add eight stores to the national market. Currently, the luxury firm has a flagship store on Avenida Masaryk, considered the golden mile of Mexico City, as well as shops-in-shop in the branches of the departmental chain El Palacio de Hierro in Guadalajara, Monterrey, Perisur , Santa Fe and Polanco, the latter being, until now, the largest of all with 300 square meters.

Worldwide, the company has more than 300 exclusive stores, while its watches, perfumes and tableware are also available through a network of specialized stores and duty-free establishments in airports.

Hermès registered in 2017, a “historical” profit margin that reached 34.6 percent. This will be the store’s first in Cancun and second for Mexico City.