Hermes Reports Record Annual Profits
Luxury goods group Hermes has reported record profits for 2016, boosted by sales of its handbags. The French company, best known for its £8,000 Birkin bags and £300 silk scarves, posted a 13% rise in profits to 1.1bn euros (£952m). Chief executive Axel Dumas said Hermes did “better than expected” last year and was entering … Read more