Editor
Hermès International’s profitability rose to record levels in the first half as the maker of the $10,000-plus Birkin bag became the luxury industry’s standout performer.
The French company’s shares soared as much as 8.5 percent after it said its recurring operating margin reached a historical high of 42 percent, up from 41 percent a year earlier.
“This set of results confirms that Hermès is likely going to be the most resilient luxury…
