News

Bags of appeal for Hermès

08/11/2007

The Luxury goods and high-end handbag markets appear to be a winning combination for most companies at present and France’s Hermès is no exception reporting robust growth in the first nine months.

Sales grew 11.2% at constant exchange rates for the nine months to reach €1,115.7 million, although negative levels did reduce this to 6.1% at the current rates. The company’s Leather Goods and Saddlery division saw sales rise 5%, driven by increased demand for leather bags, which advanced 12% over the first nine months.

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