French luxury house Hermès has made it known that it has ambitious plans for the Chinese market. Chief executive Patrick Thomas told shareholders that it aims to double sales in mainland China over the next few years. He added that the company will “accelerate” growth in North America .

Thomas said that company growth was up about 7.5 percent, more or less unchanged from last year and in line with expectations. He indicated that investments in shops and new production facilities should help steer Hermes to an average annual growth of 10 percent. The company currently has some 30 new boutiques or renovations on the agenda for this year, including shops in Seoul , Amsterdam and Venice .

It was Thomas’ first shareholders’ meeting since Jean-Louis Dumas stepped down for health reasons. Jerome Guerrand-Hermes, who has a seat on the executive committee, was one of many to pay tribute to him. “(Dumas’) commitment to quality was such that he made the artisans heroes,” he said.

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