"The luxury industry is built on a paradox: the more desirable the brand becomes, the more it sells but the more it sells, the less desirable it becomes! I believe Hermes’ vision provides a solution to the dilemma: we will remain committed to the best quality materials, the best craftsmanship, sustained creativity, and style."

Hermes previewed its first collection of couture women’s clothing in 1929. The famous Kelly bag was introduced in 1935 and the classic Hermes scarves became part of the collection in 1937. The company continued to grow, establishing fashion dominance throughout the world, including New York City. Watches and other accessories were added to the collection, all relying on high standards of quality and a desire for timelessness and elegant style.

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Despite Hermes’ late entry into China, the country surpassed Japan as Hermes’ largest market this year, Thomas said. Hermes has 19 stores in China and more are on the way, but the company is not planning on expansion at a breakneck speed, the executive explained."We will slow down in the number of stores we will open and focus on enlarging and redecorating our current stores," Thomas said.

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