According to Fraser Lundie, a high-yield-bond manager at Hermes, America comprised 89% of the market in 1998; now it forms just 57%.

爱马名高收益债券管理者弗雷则认为，在1998年，美国在该市场所占份额为89%，现在只占据57%.

Yogurt that sold in Blueglass, a brand dubbed the " Hermes of yogurt" , is priced at 25 to 45 yuan.

有“酸奶中爱马”之称卡士品牌酸奶售价为 25 至 45 元。

Only one boy was capable of laughing while Derossi was declaiming the funeral oration of the king, and Franti laughed.

代洛西读着维多利亚·爱马努爱列王吊词时候，笑只有人，就是勿兰谛。

When we went on our first date he actually had this beautiful, tan leather bomber jacket from Hermes.

我们第次约会时候他穿了件爱马漂亮棕褐色短夹克。

But Hermes looks in better shape than its competitors, says Luca Solca of Bernstein, a broker.

但经纪公伯恩斯坦卢卡·索尔卡表示，爱马状况看起来比竞争对手要好。

Because much of what it sells carries through the seasons, Hermes does not need discounts to get it off the shelves.

爱马销售大部分商品都不会过季，因此它无需打折就能售空商品。

That Mr Arnault coveted Hermes is testament to its good management.

阿尔诺对爱马垂涎足以证明它良好管理。

For success to endure, Hermes heirs may require one more thing.

要想获得持久成功，爱马继承人们可能还需要做件事。

Understatement works as a strategy only because Hermes enjoys an aura of exclusivity.

低调是爱马运行策略，因为它有种排他性光环。

Fast forward to autumn 2020, and the various descendants of Thierry Hermes not only still control their family's firm, they have beaten LVMH at its own game.

快进到2020年秋季，蒂埃里·爱马后代们不仅仍然控制着家族企业，还在博弈中战胜了LVMH集团。

And whereas a Dior dress will last one season, an Hermes product is for life.

迪奥连衣裙只能穿季，而爱马产品却能终身使用。

And that's my collection of my Hermes bags, which I love.

这就是我收藏爱马包包，我很喜欢。

It's like living in my own personal Hermes box, there's lots of orange.

就像住在我自己爱马盒子里，里面有很多橙色。

All right, I'm gonna now use this beautiful blush from Hermes.

好，我现在要用这款来自爱马美丽腮红。

Actually, my all-time favorite is Jacqueline's Hermes watch.

实际上，我最喜欢是雅克琳爱马手表。

The total cost will be 1,400 USD for one Birkin out of factory.

只出厂爱马铂金包总费用为1,400美元。

And that is about, she's like, she's the horse person.

而且她就是那种很爱马人。

Her first collection for Hermes is expected to debut in January 2027.

她为爱马设计首个系列预计将于2027年1月发布。

So you're seeing Kering, Hermes, Burberry all trade lower on the back of those numbers.

所以你看到开云集团、爱马、博柏利股价都因为这些数据而下跌了。

And I think that this whole time while researching, I just had this like broken thing in my brain where I was like, how do they make so much stuff when they're Hermes and they're not Hermes?

我觉得在研究过程中，我脑子好像直转不过弯来， 总是困惑：他们既然是爱马，又不是真正爱马， 怎么能生产出这么多东西呢？ 他们曾经是爱马， 但自从开始制造SUV后， 就不再是那个他们了。