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Hermes Hasn’t Felt Slowdown in China, Axel Dumas Says: L’Opinion 2013-11-05 07:16:28.230 GMT
By Andrew Roberts Nov. 5 (Bloomberg) -- Hermes benefiting as China becomes more elitist, co-CEO Dumas says in interview with L’Opinion. * U.S. is “emerging country” where European brands can grow by double-digit percentage: Dumas * Japan remains country for future: Dumas * In Europe, Hermes profiting from influx of tourists; local clientele growing, except in Greece and Spain: Dumas * Online accounts for 1% of Hermes sales: Dumas * Hermes to open stores in Milan, Shanghai, Miami in 2014: Dumas * Strategy won’t change when Dumas becomes sole CEO in January: Dumas * Hermes to focus on strengthening production, developing historic crafts, pursuing international development and rethinking online strategy: Dumas * Hermes would be open to buying back LVMH stake if it were available: Dumas.
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