Hermès Sales Surge 28%, Defying Luxury Slowdown

Sales at Birkin bag maker Hermès accelerated in the second quarter, showing the resilience of global demand for the group’s high-end leather goods despite a clouded economic backdrop.

Group sales for the three months to the end of June came to €3.32 billion ($3.65 billion), up 27.5 percent at constant exchange rates, above a Visible Alpha consensus for a 22 percent gain, with double-digit growth in all regions.

Hermès’ results come as…