because Hermes just reported outstanding results for the second quarter; sales are up a whole 12% from last year.
Although they didn't make any profits this quarter, at least they're back in the black.
Said Hermes Chief Executive Patrick Thomas, "If you had told me last year that we would have flat sales in 2009, I would have kissed you on both cheeks."
Things are indeed looking up- analysts at Sanford C. Bernstein say that brands at both LVMH and Gucci Group are expected to report similar trends to Hermes.
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