Hermes, best known for its silk scarves and Birkin bags, has become the latest family business to benefit from rising demand for luxury goods, with the company raising its full-year sales targets after achieving a strong third quarter.
The Paris-based luxury goods company today (4 November) forecasted revenue increases of between 15% and 16% at constant rates of exchange this year, up from the 12% to 14% it predicted in August.
