Hermès records industry-beating growth as sales rise 16%

Luxury goods seller Hermès International on Tuesday said its sales continued to grow in the third quarter, on the back of “sustained momentum in Asia and in the Americas,” despite fears around a slowdown in the wider luxury sector. 

The French fashion house reported a 16% uptick in third quarter sales to €3.36 billion ($3.58 billion). A selection of five analysts polled by FactSet had predicted the company would generate sales worth €3.31 billion. 

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