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PARIS (Reuters) -Birkin bag maker Hermes said on Friday that it will raise prices again this year after sales jumped 17.5% in the fourth quarter of 2023, continuing its track record of outpacing rivals when economic conditions deteriorate. Shares in the company opened 4.2% higher after sales for the three months to the end of December totalled 3.36 billion euros ($3.62 billion), up 17.5% at constant foreign exchange rates and ahead of expectations for 14% growth, according to Visible Alpha consensus estimates. Hermes said it will pay a 4,000 euro bonus to each of its over 22,000 employees wo...

French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year.

The company is proving resilient in the face of slowing luxury spending, with growth in other categories outpacing its solid leather goods business.

French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year.The group said its 22,000 employees worldwide would get a 4,000-euro bonus early this year as part of "its policy of sharing the fruits of growth with all those who contribute to it on a daily basis".

Hermès International (RMS) Q4 2023 earnings are in: sales rose 18 percent on strength of ready-to-wear, watches and beauty.