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Article | HERMES Forced to Postpone Store Opening | nymag.com
Hermes has postponed the opening of two stores in China. "We have a crisis, all luxury companies can feel it," CEO patrick Thomas said at a shareholders' meeting yesterday. "It would be illusory to think that Hermes can escape.: the company is also instituting a hiring freeze, except in the leather-goods department. So if Posh Spice wants $20,000 new Birkin this year. She shan't go hungry! Or something!
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