PARIS — Hermès International said it will slow the pace of store openings in 2012 and focus on boosting production after a record-breaking year that saw it struggling to keep up with demand for leather bags and silk squares.
The French luxury firm’s shares closed up 2.3 percent at 249.80 euros, or $323.45 at current exchange, on Thursday after it reported that net profits rose by a better-than-expected 41 percent in 2011.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"