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March 21, 2008
Silk, Men's RTW Boosts Profits At Hermès
Net profits at Hermès rose 7.3% in 2007 to $395 million while overall sales increased by 7.3% to $2.38 billion.
The company said it got a boost from men’s ready-to-wear, silk, fashion accessories and jewelry. The French brand plans to add more stores and increase its production capacity in response to growing demand.
In the U.S., new locations are slated for San Diego and Santa Fe, New Mexico.
Posted by Blacks on March 21, 2008 10:39 AM
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