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Hermes stated sales in continental Asia, where it recently refurbished its e-commerce website, were specially strong in the 1st 1 / 2 of 2019. This has simply rebooted its online shopping website in Japan and certainly will expand the overhaul to Singapore and Malaysia this season, du Halgouet stated. (A model posesses Hermes signature Birkin with Himalayan leather that is crocodile diamonds, offered for $300,168 at a Christie’s auction may 30, 2016. It really is one of several earth’s most high-priced bag.)

PARIS: Surging need in Asia and particularly mainland China assisted Birkin bag maker Hermes post better-than-expected city of brides russian sales development for the 2nd quarter, within an encouraging sign for a few of their major luxury products competitors.

The industry has so far mostly shrugged down any fallout from a Beijing-Washington trade war that may hit consumer sentiment potentially in its two biggest areas, with appetite for branded products if anything picking among Chinese shoppers.

Hermes – along with Louis Vuitton owner LVMH and Gucci parent Kering, that are additionally due to report outcomes this week – was one of many big beneficiaries of the harmless backdrop.

The French business, most widely known for the expensive fabric items and squared silk scarves, stated product product sales for the April to June duration expanded 14.7percent for a reported foundation to 1.67 billion euros ($1.87 billion), and had been up 12.3% at stable trade prices. Read more »