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Luxury Goods

Reuters | Equities.com |

Birkin handbag maker Hermès said it expected sales of its leather goods division to "normalize" after stellar growth in the first half of the year, flagging a slowdown of sorts even as it rides a sharp rebound in the luxury sector.

Hermes executives also said a half-year operating profit margin of 41% - the highest of the last decade - would not be replicated in the second part of the year, partly because the group plans to increase investments.