FRANCE: Hermès to invest in training centre in Paris suburbs
Luxury fashion label Hermès is planning to build a 5,000 sqm personnel training centre in Pantin in the Paris suburbs where it already has workshops.
Contacted by just-style, a company spokesperson confirmed the project but declined to comment on how much investment it would attract and when it would open.
Media reports said it could enter service in 2014.
Apart from boosting its training provision facilties, the French group says that in 2012 it will continue to pursue a long-term strategy of investing in its production
capacities and distribution network, with the opening or renovation of around 15 branches.
Last week, Hermès announced "another exceptional year in sales and income" in 2011 with all sectors contributing to the "excellent performance".
The operating margin gained 3.4 points and reached 31.2% of sales, the best performance recorded by the group since it was first listed on the stock market in 1993.
Increasing business saw Hermès create 715 jobs last year and it is looking to recruit a further 750 staff in 2012.
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