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Birkin bag maker Hermès outpaced rivals with a 9 percent rise in quarterly sales reported on Wednesday, showing continued appetite from rich shoppers for the French company’s coveted, $10,000 handbags.
Hermès executive chairman Axel Dumas said so far no further price hikes were planned this year after a general 7 percent rise globally and an additional 5 percent in the US, where the company flagged it would fully pass on the effects of tariffs to its clients.
Speaking to journalists on a…
