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Newsweek Editors

By Newsweek Editors

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One of the few luxury companies still family operated, Hermes has grown but never abandoned its mission to produce top-quality leather goods.

1837 Thierry Hermes opens a saddle workshop in Paris.

1880 Thierry's son Charles-Emile Hermes moves the company to 24, faubourg Saint-Honore, where it remains today.

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1902-1919 Run by Charles-Emile's sons Adolphe and Emile-Maurice, Hermes designs the haut a courroie bag, letting riders carry their saddles with them.

1914 Emile-Maurice obtains exclusive use of the zipper for two years.

1920S Hermes moves into handbags, luggage, automotive accessories, silk scarves, belts, gloves, jewelry and wristwatches.

1937 The company introduces scarves based on jockey tunics.

1949 The launch of silk neckties.

1950 The firm introduces its first perfume, Eau d'Hermes.

1951 Emile's son-in-law Robert Dumas takes over.

1956 Princess Grace is photographed carrying a sac a depeches bag to hide her pregnancy. It is quickly renamed the Kelly bag.

1978 Jean-Louis Dumas succeeds his father as chairman and ventures into new areas, including silver and crystal.

1997 Martin Margiela is appointed womenswear designer.

1999 Hermes takes an equity stake in Jean Paul Gaultier.

2004 Gaultier takes over womenswear.

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