Friday, December 21, 2012

Hermes sees 2012 revenue by almost 20 pct in CEO Magazine

21st December (Reuters) - French luxury goods Hermes sees 2012 revenue of nearly 20 percent to 3.4 billion euros ($ 4.5 billion), helped by demand from China, its chief told a German magazine.

China, including Hong Kong and Taiwan, is already the largest market for the company, based in Paris: "And who will remain so for at least the next 50 years," The Mirror quoted Patrick Thomas as saying in a statement an interview on Saturday be published.

Hermes, for the silk scarves and handbags Birkin and Kelly raised its revenue forecast announced in November 2012, said growth at constant exchange rates could exceed 13 percent. Against a previous forecast of 12 percent

"In the next five years, our annual growth is expected to exceed 10 percent of that," said Thomas mirror.



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