Hermes' sales grow 20% in 2nd quarter

FRENCH luxury goods group Hermes's sales between January and May rose slightly faster than the 18.5 per cent growth seen in the first quarter, chief executive Patrick Thomas said yesterday.

Hermes, known for its silk scarves and crocodile-skin handbags, had previously revealed that sales in the first three months of 2010 leapt 20 per cent to 507.7 million (418.2m) – partly helped by the continuing weakness of the euro. Chairman Patrick Thomas said the group's focus was on organic growth but it would not rule out an acquisition.