PARIS — It appears reports of luxury’s decline might be greatly exaggerated — at least where Hermès is concerned.
The maker of Kelly bags and silk scarves on Thursday raised its guidance for 2013 revenues and margins after reporting an acceleration in sales in the second quarter, helped by a strong performance in the U.S. and sustained demand in Europe and China.
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)