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September 16, 2005
Hermès Head To Step Down
After decades at the helm, Hermès artistic director and CEO Jean-Louis Dumas announced last night that he was stepping down from his posts at the luxury brand. The role of artistic director will be split between his son and niece, and current co-CEO Patrick Thomas will be the sole proprietor of the chief executive title when Dumas departs in January.
Dumas is credited with much of Hermès success in stamping a coherent brand image across a disparate product line. He has also steered the iconic brand to profitability; it reported a 12-percent profit increase for the first-half of this year, thanks in large part to strong sales of its scarves and Gaultier fashions.
Posted by Blacks on September 16, 2005 12:49 PM
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