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Hermès stock is surging -- and the Birkin bag maker is narrowing the gap with French rival LVMH

By Yahoo! Finance   |   1 month ago
Hermès stock is surging -- and the Birkin bag maker is narrowing the gap with French rival LVMH

Hermès exceeded expectations with strong Q4 results, reaching record sales of 3.96 billion euros. The luxury brand's annual revenue rose by 15%, reflecting solid performance despite economic challenges. Shares surged, increasing market cap to over 300 billion euros.

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