PARIS — Hermès International said Thursday it expected to post a record operating margin for 2013 after recording “dynamic” sales in the fourth quarter, despite the negative impact of exchange rates, in particular the weak Japanese yen.
The maker of Birkin bags and silk scarves said sales totaled 1.09 billion euros, or $1.49 billion, in the fourth quarter, up 4.6 percent versus 2012. This represented a rise of 11 percent at constant exchange rates. RELATED CONTENT: Hermès Men's RTW Fall 2014 >>
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)