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Hermes profit soars 28 percent
The luxury giant posted a profit of US$4.6bn in 2023.
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Hermes Q1 revenue at US$3.7bn Â
The performance was driven by strong sales, especially in Asia. -
Hermes 2022 net profit $3.6bn
Fashion house posted huge earnings despite inflation. -
Russia threatens Ukraine ‘statehood’ as sanctions tighten
Since Russia's invasion 10 days ago, the economic and humanitarian toll of the war has spiraled, sending more than one million people fleeing Ukraine. Officials have reported hundreds of civilians killed. -
Visa, Master card suspend operation in Russia
The cards would continue to work on Russian territory because all payments in Russia are made through a national system and do not depend on foreign systems. -
Hermes, Chanel, Louis Vuitton pause business in Russia over Ukraine war
Hermes group runs three stores in Russia, including one in the Gum department store on Red Square, and employs 60 people in the country. -
Israeli weapons-maker Elbit Systems launches UAE venture
Israeli weapons-maker Elbit Systems launched a new venture in the United Arab Emirates on Sunday, an announcement that comes ahead of visits to Dubai by senior Israeli military officials. The manufacturer of the Hermes armed drone and cutting-edge surveillance technology, among other products, hailed the announcement as a product of...