Hermès to Pay €4,000 Bonus to Employees As Sales Surge

Hermès will pay a one-time year-end bonus of €4,000 to each of its 19,700 employees amid surging sales and profits for the French luxury house.

Fourth-quarter sales rose 23 percent year-on-year, excluding currency swings, Hermès said Friday. Full-year revenues rose 29 percent last year to €11.6 billion ($12.4), allowing the top-end leather-goods maker to reclaim its position as luxury fashion’s third-biggest brand after Louis Vuitton…