Hermes International SCA (HRMS.PA)
28 Apr 2017
* Cautions against extrapolating Q1 growth to full year (Adds CEO comment, shares, analyst)
PARIS, April 27 French luxury goods group Hermes said on Thursday that sales growth accelerated in the first quarter, driven by demand from Asian customers, providing further evidence of a broader recovery in the luxury goods industry.
PARIS French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro ($13 billion) move to simplify his business interests - a restructuring long demanded by other investors. | Video
* Arnault family to buy out minority Christian Dior shareholders
BASEL, Switzerland Swiss watchmakers expect the market to stay challenging this year with the United States, their second-biggest market, showing no signs of recovering, executives told Reuters at an industry fair in Basel.
PARIS French luxury goods group Hermes said it had started this year on a solid footing after announcing record 2016 profits on Wednesday, providing further evidence of a broader recovery in the luxury goods industry.
* Hermes shares hit record high earlier in March (Adds CEO comments from news conference, shares, analyst)
PARIS, March 22 French luxury goods group Hermes posted on Wednesday a 13 percent increase in 2016 net profit, providing further evidence of a broader recovery in the luxury goods industry, and reported a record operating profit margin.
* Company keeps financial goals (Adds CEO comments, shares, analyst )
PARIS French luxury goods group Hermes said on Wednesday that sales growth rose 6.6 percent in the fourth quarter, at constant exchange rates, coming close to market expectations.