(The Guardian) Hermès cannot meet demand for luxury as profits leap to £257m
The 174-year-old company, regarded as the must luxurious of the super-luxe labels, announced a 50% jump in first-half profits to €291m (£257m) due to huge demand for its Kelly and Birkin handbags in the US and Japan, despite the economic downturn. But chief executive Patrick Thomas warned investors that the company would not be able to maintain its stellar performance for the rest of the year because it was running out of stock.
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