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Hermès full-year sales rise

French luxury goods group Hermès posted a 4.1% rise in sales in 2009.

Hermes group sales expanded by 20% in the Americas, 12% in Asia and by 9% in Europe.

Hermes reported operating profit of €462.9m (£415m) for 2009 against €449.2m (£402.7m) the previous year but overall its operating margin reached 24.2%, , down from 25.5% in 2008.

Leather goods & saddlery were up 16%, under the impetus of leather bags. Silks and textiles rose 6%, owing to a stream of new silk creations for women and men.

The rise of 3% in ready-to-wear & fashion accessories benefited primarily from strong demand in fashion accessories.

Hermès plans to continue expansion in 2010 by opening twelve branches, including a new store on Rue de Sèvres in Paris and a second branch on Madison Avenue in New York.

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