HERMES POSTS STRONG SALES GAINS, YET GROWTH COOLS AS DOLLAR STRENGTHENS

Posted by Leonard Steinberg on April 22nd, 2013 Uber-luxury goods conglomerate Hermes posted its slowest pace of quarterly growth since 2009 as currency headwinds weighed on revenues, reporting a 10% rise in sales to 856.8 million euros. Last year, growth for a number of high-end names cooled as shoppers, notably in China, moved away from more mass… [Read More]