Better luxury goods demand gives Hermes a boost - leatherbiz: Leading Leatherbiz

News

Better luxury goods demand gives Hermes a boost

31/08/2010

French fashion house Hermes has posted a 55.2% jump in first-half net profit, lifted by improved demand for luxury goods. The company believes full-year sales could grow by as much as 12%.

The leathergoods and hand-stitched silk specialist recorded first-half net profit of EUR194.6 million compared with EUR125.4 million during the same period a year ago. Sales rose 23% to EUR1.07 billion, driven by higher demand for its classic leather handbags and silk scarves during the second quarter.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.