What Hermès Teaches Us About How Paris Values Tradition — And Why It Matters for Real Estate
25 June 2026
There is a building on the rue du Faubourg Saint-Honoré that has not changed hands in 145 years. It sits in the heart of the 8th arrondissement (district), surrounded by some of the most expensive real estate in the world, and it belongs — as it always has — to a single family. That family, the Hermès family, recently did something that would have seemed improbable even a decade ago: their company surpassed the French conglomerate LVMH (owners of Dior, Louis Vuitton and Moët & Chandon, among others) to become the most valuable business on the Paris CAC40. Not through acquisition, expansion or selling to anyone. But rather by holding firm, staying rooted and refusing to be anything other than what they were originally.