Hermes warns of fading chic in sales

French luxury goods group Hermes warned on Wednesday that sales growth would probably fall below target this year because of economic and political uncertainties, prompting a sharp fall in its share price. Hermes sales in 2015 rose by 18 percent from the previous year, the company also reported, and by 8 percent once the favourable impact of the strong dollar was stripped out. In the fourth quarter alone, sales were up 15 percent, and 7 percent at constant exchange rates, "despite the impact of