Hermes reports 21% Q2 revenue increase
20/07/2011
French luxury goods brand Hermes has announced strong results for the second quarter, with an increased taste for luxury among consumers boosting the firm’s global sales.
Revenues for the fashion house, famous for its leather handbags and silk scarves, rose by 21% to €1.3bn. Profits were boosted by the sale of a stake in Jean-Paul Gaultier’s fashion label.