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Despite the slowing trend in the Luxury Goods Industry, Hermès' sales have soared.

Thanks to the strong sales of expensive handbags during the holiday shopping season, Hermès' sales have risen. Hermès announced on Friday that its sales growth for the fourth quarter increased by nearly 18% when calculated at constant Exchange Rates. Analysts had previously expected an increase of 11%. The performance in the regions of China and the Americas was far better than expected. Part of the impressive results is due to its clientele being among the wealthiest groups, whose spending tends to be more stable during economic downturns compared to less affluent customers. Hermès has strong pricing power, and its Birkin and Kelly handbags are highly sought after and in short supply. In a conference call with reporters, the Executive Director.

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