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Hermes sales rise as leather, ready-to-wear beat estimates

Credit - Bloomberg

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Third-quarter sales grew 10 per cent.

Wednesday 07, November 2018

(Bloomberg)--Hermes reported sales growth that may lift the recent gloom in the luxury industry as the French bagmaker sold more clothes and leather bags than analysts expected.

Third-quarter sales grew 10 per cent excluding currency swings to EUR 1.46 billion ($1.7 billion), smack in line with the consensus.

 

TAGS : Hermes

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