By  on March 22, 2012

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.

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