
Upmarket handbag maker Hermès, one of the luxury brands still riding high on strong demand from Asian clients, said on Wednesday it had not observed any change in sales trends so far this year.
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Upmarket handbag maker Hermès, one of the luxury brands still riding high on strong demand from Asian clients, said on Wednesday it had not observed any change in sales trends so far this year.
French luxury group Hermès said its sales hit a record just shy of 6 billion euros in 2018 as demand for its iconic bags continues to grow in all parts of the world and particularly in China.
France's Hermes reported strong third-quarter sales momentum, with its leather goods division performing well, and the maker of deluxe Birkin handbags also played down fears of a slowdown in China.
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 lift profits.
Until recently, few luxury houses had thought to venture into Silicon Valley. Today, three French giants -- Hermes as well as Louis Vuitton and Cartier -- have set up shop there.
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.
Thriving demand in China boosted sales at Birkin bag marker Hermes in the first quarter, underscoring an upbeat start to the year for some of the luxury sector’s biggest names.
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.
French luxury goods maker Hermes on Thursday said sales at constant currencies rose 5 percent in the fourth quarter, a slight slowdown from the previous three months.