Saturday, September 1, 2012

Hermes lifts full-year sales target after strong H1

French luxury goods maker Hermes on Friday slightly raised its target for annual sales growth after posting double-digit increases in revenue and profits across most of its markets for the first six months of the year. Photo: Pixel FormulaHermes, in which the billionaire owner of rival LVMH Bernard Arnault owns 22.3 percent, is now targeting 12 percent annual growth at constant exchange rates, up from a previous target of 10 percent.The company had said its operating margin for 2012 would

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