Beating expectations: Is Hermes immune to the global downturn?

The prevailing economic headwinds that have affected various sectors of the global economy seem to have had minimal impact on the luxury bag maker Hermes. The company has posted a sales increase of 11.3 per cent for the quarter ended September, exceeding the expectations of investors and industry experts, who had anticipated lower growth given the challenging economic climate. The odd one out Last week, LVMH reported a 3 per cent fall in sales for the third quarter, which the company attributed

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