PARIS — Sales at Hermès International rose 16 percent in the third quarter, prompting the maker of Kelly bags and silk scarves to raise its targets for sales growth and operating margin for 2011 – provided it can keep up with demand.
The luxury firm now expects to post a sales increase of 15 percent to 16 percent at constant exchange rates, versus a previous forecast of a 12 percent to 14 percent rise. “Meeting this target will be highly contingent on the business sectors’ ability to meet stepped-up demand ahead of the year-end holiday season,” it said in a statement.
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?"