Luxury handbag maker Hermes International expects first-half operating profits close to the record level reached last year, as Hermes posted solid second quarter sales that augured well for the rest of the luxury sector.
The house of Hermès has opened a major new manufacturing plant in Franche-Comté, the eastern French region bordering Switzerland. Named the Manufacture of Allan, it will employ 260 leather goods artisans.
French luxury goods firm Hermes , known for its $10,000-plus Birkin handbags, on Wednesday posted record margins for 2017 and said it would make an extraordinary payout to shareholders as well as hike its dividend.
Luxury handbag maker Hermes said sales growth had accelerated in the third quarter, as demand for its perfume and scarf lines proved particularly strong and its performance in Europe and the Americas improved.
Hermès has feted the opening of a novel exhibition of the very particular art of its long-time collaborator, Leïla Menchari, legendary for her unique set skill. Menchari is France’s most famous window dresser.