PARIS — Hermès International said Tuesday it expected to post a record operating margin in 2012 after comfortably beating its target for annual sales growth, thanks to a surge in revenues in the fourth quarter.
The maker of Birkin bags and silk scarves said sales totaled 1.04 billion euros, or $1.35 billion, in the fourth quarter, up 22.5 percent versus 2011. This represented a rise of 18.5 percent at constant exchange rates.
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?"