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Hermes family

November 4, 2011

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. 

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.

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