Units Trailer Systems and bag

services at Shop.org: from sourcing and international Chanel cruise 2013 handbagtransportation to fulfilment and home deliveries. "With its 12 specialized companies, Hermes is still the only service provider worldwide capable of offering its clients such a complete service," says Uwe Bald, Vice President of international business development at Hermes Europe. "Against the lasting boom in European e-commerce, we are focusing our activities on international retailers looking to expand their business to Europe. Hermes is a perfect partner for them.”

The rating agency Euler Hermes increased its rating for the globally active supplier to the truck and trailer industry, SAF-HOLLAND, from BBB- to Chanel 2013 JewelryBBB. For the next twelve months a stable development of the rating is expected. In explaining its position for the rating increase Euler Hermes cites the strong improvement in capital structure of the Group after refinancing, placement of the bond and capital increase during financial year 2012. In addition, the high market shares in Europe and North America were assessed positively. The combination of the global service network of the Business Unit Aftermarket with the global production network of the Group led to further improvements of the

good market positions of the Business Units Trailer Systems and Powered Vehint and financial services. Services are available either as a managed full service or in modular units. For more information, visit Hermes at the Shop.org, Booth 842. Hermes at Shop.org A wholly owned subsidiary of the Otto Group, Hermes is part of a worldwide group of local retail (e.g. Crate & Barrel) and services employing nearly 50,000 people. With more than 40 years of distance selling experience, Hermes supports fashion and lifestyle brands with their internationalization to Europe, Russia, China and Brazil. The group is already working successfully together with international distance sellers such as QVC, Guthy Ranker, Escada, Bombay and Wolford. Clients of Hermes thus benefit from a Chanel 28601first class local infrastructure and knowledge. The specific full-service offering includes webshop design and operations, warehousing, customer service, returns manageme