31 Aug '15, 1pm

Hermès isn't changing the name of the Birkin bag just yet.

courtesy of Bloomberg (additions by TFL) Hermès International SCA, the French luxury handbag maker, reported a 20 percent increase in first-half earnings as sales growth accelerated in Japan and kept its forecast for the year unchanged even as China’s economic slowdown weighed on sales of luxury handbags there. Operating income grew to 748 million euros ($842 million), Paris-based Hermès said Friday in a statement. Analysts predicted 737 million euros, according to the median of 13 estimates compiled by Bloomberg. Sales rose 21 percent to 2.3 billion euros. Luxury sales are surging in Japan as more wealthy Chinese choose to shop there rather than in Hong Kong following protests in the island city and a clampdown on lavish spending back home. Hermès’s Japanese revenue climbed 20 percent in the half at constant exchange rates, compared with a 7 percent increase in the rest o...

Full article: http://www.thefashionlaw.com/herms-reports-revenue-increa...

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There's Hermès and then there's every other brand.

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@BoF

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