PARIS - Hermès International said net profits in the first half jumped 55.2 percent to 194.6 million euros, or $258.9 million, versus 125.4 million euros, or $166.8 million, in the first six months of 2009.
The luxury firm cautioned it will face tougher comps in the second half and is targeting sales growth at constant exchange rates of around 12 percent.
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)