Hermes bags record sales in 2017

Paris: Luxury goods maker Hermes said on Thursday it shrugged off economic, geo-political and monetary uncertainty to book record sales in 2017, thanks to the strong performance of all of its divisions across all regions.
Hermes’ said in a statement that revenues grew by 6.7 per cent to 5.6 billion euros ($6.9 billion) last year.
The group said that growth was driven by “well-balanced contributions across the business lines and all geographical areas” and the development was “particularly healthy as it is mainly based on an increase in volumes.” “2017 was a very good year,” said chief executive Axel Dumas. “We accelerated growth, which is once again faster than the sector average.” — AFP