Rich Resist The Recession

Link to the article and video at Euronews

The French luxury goods group Hermes says its revenue rose 12 percent in the second quarter

It credits consumers’ crisis-proof appetite for its elegant handbags and strong demand for perfumes.

Overall sales were up five percent in France but fell 6.9 percent in the rest of Europe.

Sales in Japan were up by nearly a quarter and in the rest of Asia rose by over a third.