×
1 508
Fashion Jobs
AVENUE COMMUNICATIONS
PR Account Manager
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cambridge - 37.5 Hours - Full Time, Permanent
Permanent · Cambridge
ESTÉE LAUDER
Clinique - Consultant - Boots, Horsham - 36 Hours - Full Time, Permanent
Permanent · Horsham
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Southampton - 21 Hours - Part Time, Permanent
Permanent · Southampton
ESTÉE LAUDER
Clinique - Consultant - Boots, Horsham - 13 Hours - Part Time, Permanent
Permanent · Horsham
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Glasgow - 11 Hours - Part Time, Permanent
Permanent · Glasgow
SHISEIDO
Bareminerals Account Manager - Boots, Aberdeen (30 Hours)
Permanent · Aberdeen
SHISEIDO
Laura Mercier Account Manager - Fenwick, Brent Cross (37.5 Hours)
Permanent · London
SHISEIDO
Laura Mercier Account Manager - John Lewis, Kingston (37.5 Hours)
Permanent · Grand Londres
SHISEIDO
Laura Mercier Account Manager - John Lewis, Reading (37.5 Hours)
Permanent · Reading
ESTÉE LAUDER
Global Consumer Marketing Manager jo Malone London
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Fenwick, Bracknell - 24 Hours / 4 Days - Part-Time Permanent
Permanent · Bracknell
MARSHALLS
71 Retail lp Detective
Permanent · Los Angeles
LINDA FARROW
Optical Key Account Manager
Permanent · LONDON
LINDA FARROW
After Sales Executive (German And French Speaking)
Permanent · LONDON
LINDA FARROW
Trade Marketing Manager
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Boots Bracknell (37.5 Hours)
Permanent · Bracknell
SHISEIDO
Bareminerals Account Manager - Boots Stratford (37.5 Hours)
Permanent · London
SHISEIDO
Nars Business Manager - Fenwick Newcastle (37.5 Hours)
Permanent · Newcastle upon Tyne
SHISEIDO
Account Manager - Boots Hammersmith (22.5 Hours)
Permanent · London
GUCCI LIMITED
Gucci Stock Manager
Permanent · LONDON
NIKE
Purpose Marketing Manager, London
Permanent · London
By
Reuters API
Published
Sep 12, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

French handbag maker Hermes posts record first half margins

By
Reuters API
Published
Sep 12, 2018

France's Hermes on Wednesday said operating margins reached a first-half record at the start of 2018, after resilient demand in key markets like China helped the luxury handbag maker and most of its major rivals lift profits.


Hermes - Spring-Summer2018 - Womenswear - Paris - © PixelFormula


The label, known for its $10,000 (£7,687)-plus Birkin bags and patterned silk scarves, said recurring operating income reached 985 million euros (£877.29 million) between January and June, up 6 percent from a year earlier.

That did not include one-off items such as the disposal of shops in Hong Kong.

Recurring operating margins reached a first-half record at 34.5 percent of sales, up from 34.3 percent in the first six months of 2017.

Luxury goods makers from Louis Vuitton owner LVMH to Gucci-parent Kering have benefited in the past two years from rebounding appetite from Chinese shoppers for their fashion ranges and handbags, boosting sales.

In July, Hermes reported robust revenue growth for the second quarter from a year earlier, and said demand in China was still strong in spite of a trade spat between Beijing and Washington.

That remained the case, Hermes Chief Executive Axel Dumas told journalists on Wednesday.

"There has not been any change in trend so far," Dumas said.

Chinese consumers are key for luxury brands, accounting for around a third of all global sales in the industry. Fears of a slowdown in Chinese had rattled shares across the sector in recent months.

Shares in Hermes, one of the most highly-valued stocks among luxury players, are up 20 percent since the start of the year.

© Thomson Reuters 2021 All rights reserved.