An end to the boom is not in sight. Rather, US buyers took advantage of the strong dollar and demand in China is also recovering strongly. Meanwhile, the board announced price increases of between five and ten percent for the coming year.
Hermes-Customers are not afraid of inflation and concerns about the economy. The French luxury fashion manufacturer, known for its Birkin Bags, which cost thousands of euros, achieved a sales jump of almost a quarter to 3.14 billion euros in the third quarter, as announced by Hermes on Thursday. Adjusted for currency effects, growth was 24 percent and thus well above the expectations of analysts, who had expected an increase of 15 percent.
An end to the boom is not in sight. Rather, US buyers took advantage of the strong dollar and demand in China is also recovering strongly. The board of directors announced price increases for the coming year, after surcharges of around four percent had already been enforced in 2022. “We will probably have price increases of between five and ten percent,” said Hermes boss Eric du Halgouet.
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