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.
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)