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]
HERMES SALES RISE 18.2%: SUPER-LUXE IS STRONGEST
Posted on November 7, 2011 So you thought the world’s luxury market was in trouble? Think again. French luxury group Hermes raised its full-year sales forecast on Friday after third-quarter growth beat its initial target, pulled by buoyant demand for the 174-year-old brand in Europe, the Americas and Asia. The maker of 10,000-euro leather bags… [Read More]