PARIS — Hermès International chief executive officer Patrick Thomas on Monday maintained his target of a 10 percent increase in revenues this year even as the luxury firm saw sales growth in the first quarter slip to its slowest pace since 2008.
The maker of Kelly bags and silk scarves said sales in the three months ended March 31 totaled 856.8 million euros, or $1.13 billion, up from 776.9 million euros, or $1.02 billion, during the same period a year earlier.
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)