Unlike both LVMH and Kering (Gucci and Yves Saint Laurent), who posted losses, the group famous for its handbags and silk scarves saw sales rise by 10% in the third quarter.

French luxury group Hermès has continued to defy the broader global downturn in the sector as it posted a sharp increase in quarterly sales. The Paris-listed group, known for its silk scarves and Birkin handbags,

French fashion brand has seen its sales outpace of those of its struggling rivals including LVMH and Gucci parent company Kering.