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Hermes Sales Surpass Pre-Pandemic Levels as Luxury Booms

  • Americas, led by the U.S., was company’s most buoyant market
  • 41% margin unlikely to persist in second half, CFO says

Photographer: Alain Jocard/AFP/Getty Images

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Hermes International’s revenue more than doubled, surpassing pre-pandemic levels, as the Birkin handbag maker kept luring shoppers to splurge on dresses and fashion.

Revenue rose 127% at constant exchange rates in the second quarter, beating analysts’ estimates, and was 33% higher than in the same period in 2019, Hermes said Friday. Leather goods and ready-to-wear contributed to the strong performance.