Sunday, July 22, 2012

Hermes sales growth slows as economies falter

French luxury goods maker Hermes said second-quarter sales growth slowed in the face of increasing economic turbulence, though it stuck to its full-year target as emerging-market customers continue to flock to the high-end brand. Photo: Pixel FormulaThe maker of handmade leather bags, silk scarves and ready-to-wear fashion said sales reached 814.5 million euros ($999 million) in the quarter, with revenue in Asia, its biggest market, rising 16.2 percent at constant exchange rates. Overall sales

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