Hermes to join Euro Stoxx 50 on Dec 20

PARIS: Hermes International is set to join one of Europe’s main equity benchmarks, an inclusion that will further bolster the French luxury company’s visibility among investors.

Hermes, the maker of Kelly and Birkin handbags will replace Universal Music Group N.V. in the Euro Stoxx 50, index operator Qontigo said in a statement late on Wednesday. The change will be effective as of Dec 20.