Hermès, the maker of £5,000-plus Birkin and Kelly handbags, has reported a 23% jump in sales in the first three months of the year, becoming the latest luxury goods company to benefit from wealthy shoppers spending big despite the cost of living crisis.
Eric du Halgouët, Hermès’s finance director, said the French company was benefiting from “very dynamic traffic” into its stores particularly in Asia, which was “driven by a very good Chinese new year”, as well as Italy and the UK where “increase in tourist flows” helped lift overall quarterly sales to €3.4bn (£3bn).
