is more arrogant with Hermes beat slower luxury

  Figures: better than expected. Sales of luxury French manufacturer of products by 12% in the second quarter to € 910.4 million ($ 1.2 billion Euros). The company said it expects sales to more than 10% this year to grow it. Shares of the company, based in Paris rose 2.1%.

The takeaway: The rich are still shopping. The upper part of the high-end products from the "absolute luxury" market segment, as some call it, not as much as the rest of the industry harm. Hermes, who went out of the harness and saddles to sell leather bags and scarves in this elite class retail, saw its quarterly revenue by between 13% and 22% in the two grow in recent years. This is a quarterly growth rate of 6% to 15% compared to the same period of LVMH, at constant exchange rates compared.

What is interesting luxury buyers in Asia, particularly in China, are moving away from high-end brands like Louis Vuitton, reaching a mass audience and lost their reputation in China to move to more exclusive merchandise. That was good for Hermes, which are a limited amount of Kelly and Birkin bags has for thousands of euros. Sales in Asia, excluding Japan, grew 16% for the quarter. (The American sales also increased by 22%.) The Company reports its results for the first half of 2013 in August