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Hermes Boosts Sales 24%, Raises Forecast Amid Asia Growth

Hermes International SCA, the French maker of Birkin bags and silk scarves, reported third-quarter sales that beat analysts’ estimates and raised its 2012 revenue growth target to more than 13 percent on surging demand in Asia.

Sales advanced 24 percent from a year earlier to 848.6 million euros ($1.08 billion), the Paris-based company said today in a statement. The average of four analysts’ estimates compiled by Bloomberg was 803.8 million euros. Excluding currency swings, sales rose 16 percent.