Sharp acceleration in growth at Hermès
Far from being the set of results set to signal the start a slowdown in sales France’s Hermès Group's has reported a sharp acceleration in sales for the second half of 2007 (up 16.2% at constant exchange rates).
Sales for the year reached €1.625 billion, up 12.5% at constant exchange rates — boosted by the opening or renovation of over 40 stores during the year —which was reduced to 7.3% at current exchange rates due to the strong euro and weak dollar.