French luxury group Hermes reported a slight acceleration in growth in the second quarter on Wednesday, driven by a recovery in tourism in Europe and strong demand in the US.
Second-quarter sales of products including handbags, silk scarves and perfume rose by 6.7% in currency-adjusted terms to €4.1 billion ($4.67 billion), Hermes said, in line with expectations and compared with 6% growth in the first quarter.
The report came after results from industry peer LVMH disappointed investors looking for signs that the luxury sector is finally turning a corner.
