Hermès, a French high fashion luxury goods manufacturer established in 1837, today specializing in leather, lifestyle accessories, home furnishings and ready-to-wear, has reported that its sales increased by 16 per cent in Asia (excluding Japan), mainly due to rebounding markets in Hong Kong and Macau. In comparison, Japan’s growth of just 2 per cent came despite the strengthening of Yen.
Also Read – Hermès’ net income up 13% in H1 FY ’16
In the US, sales rose 14 per cent and in Europe, excluding France, by 9 per cent, helped by the opening of Bocca di Leone store in Rome in October, and the extension and renovation of the London Sloane Street store and Munich store in March. Hermès’ sales increased by 4 per cent in France. Total Group revenue was € 1.352 billion in the first quarter, up 13.5 per cent at current exchange rates and 11.2 per cent at constant exchange rates.
In a statement released by the company, it was mentioned that the strong performance of Hermès’ continues thanks to the solidity of a well balanced growth model, based on the attractiveness of a rich and diversified business offering, and the healthy geographical distribution of its sales.
Notably, ready-to-wear sales rose by 8 per cent, silk and textiles by 9 per cent and perfumes by 19 per cent.
