PARIS — Underscoring luxury’s rebound, sales at Hermès International surged 18.5 percent in the first quarter to 507.7 million euros, or $703.5 million, versus 428.4 million euros, or $560.3 million, in the year-ago period.
“I think many of our customers see the Hermès object more as an investment than an expense,” said Patrick Thomas, chief executive officer at the French firm. “Even fashion is recovering. All in all, we are enjoying a nice period.”
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)