Sales by French luxury group Hermes, known for its silk scarves and leather handbags, defied US tariffs and a weak dollar to rise in the third quarter.
The company which makes the iconic Birkin bag, said sales growth in the United States accelerated slightly in the third quarter by 7.2 percent to 714 million euros ($829 million).
“In the Americas we had a very good third quarter, in particular in the United States with growth driven by all product lines,” said chief financial officer Eric du Halgouet.
Hermes said earlier this year that it hoped to avoid raising prices in the United States further despite the new 15 percent tariff on goods from the EU, but warned the weak dollar was also weighing on performance.
The gain in sales would have been 14.1 percent had the dollar not fallen.