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Although Hermès has not been immune from the downward turn in the global economy, they have weathered the situation better than expected.

While their net profit fell seven percent in the first half of 2009, their turnover totaled 874.9 million euros, which is up 7.6 percent at current exchange rates.

According to the company, who’s net income was reduced to 125.4 million euros, profit was “curtailed by the decline in the rate of return on financial investments and by the impact of valuation adjustments on foreign exchange instruments.”

In another positive sign for the company, they added ninety-four new jobs during the first half of 2009, which brought their workforce to a total of 7,988 employees on June 30th of this year.

Source: Fashion Wire Daily

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