Much demand from Chinese customers increases profits at Hermes, the merchant in luxury handbags
City & Finance Reporter for the Daily Mail
A lot of demand from Chinese customers increased profits at Hermes, the merchant in luxury handbags.
The French fashion house, also known for its silk scarves, perfumes and clothing, recorded a profit increase of 6 percent to £ 877 million.
With sales of £ 2.4 billion, it has long had some of the biggest profit margins in the business, with its famous Birkin bags selling for over £ 8,000.
The question: the French fashion house, also known for its silk scarves, perfumes and clothing, posted a profit increase of 6 percent to £ 877 million
Chinese customers now account for about one third of the global luxury sales, and help Louis Vuitton owner LVMH labels to Gucci parent Kering.
Sales of Hermes in Asia, excluding Japan, increased by 15 percent, boosted by store openings in Hong Kong and mainland China.
According to Bosses, the demand was high because of the classic Roulis, Lindy and Cinetic bags, watches and the perfumes of Terre D & # 39; Hermes.
The company noted: "Despite growing economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious target for revenue growth."