By  on June 21, 2007

NEW YORK — Hermès is taking its luxury to a new neighborhood.

Today, the company will open a flagship on Broad Street near Wall Street that will offer everything from its famed saddles on which it was founded by Thierry Hermès in 1837 to brightly patterned bikinis designed by the house's creative director for women's ready-to-wear, Jean Paul Gaultier. In its first year, the 4,000-square-foot flagship is expected to generate sales of $20 million.

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