Birkin Bag Maker Hermes Shrugs Off China Slowdown, Sales Beat Forecasts

Birkin Bag Maker Hermes Shrugs Off China Slowdown, Sales Beat Forecasts
The logo of French luxury group Hermes is seen at a store, as the spread of the coronavirus disease continues, in Zurich, Switzerland on Feb. 17, 2021. Arnd Wiegmann/Reuters
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PARIS—Sales at Birkin bag maker Hermes grew by 31 percent in the third quarter, beating market expectations even as the pace of the rebound from the fallout of the coronavirus pandemic slowed down from the previous three months.

Revenues at the end of the quarter stood at 2.37 billion euros ($2.76 billion), some 40 percent above their pre-pandemic, 2019 levels, the company said on Thursday.