It's just so encouraging to hear some positive news right now. As reported in this morning's Bloomberg.com, Hermes International SCA reported profit that beat analysts’ estimates, raised its dividend and vowed to keep opening stores as demand for the French luxury label’s Birkin and Kelly handbags resists the recession...
"Strong brand equity, high customer loyalty, stable revenue from timeless signature products, tight cost management and net cash make Hermes the most defensive in the sector,” says London-based UBS AG analyst Yasuhiro Yamaguchi. This is the essence of a true luxury brand.
"Strong brand equity, high customer loyalty, stable revenue from timeless signature products, tight cost management and net cash make Hermes the most defensive in the sector,” says London-based UBS AG analyst Yasuhiro Yamaguchi. This is the essence of a true luxury brand.
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