A couple walk with Hermes shopping bags as they leave an Hermes store in Paris March 21, 2013. Hermes on Thursday said operating margin last year reached its highest level since the French luxury group listed in 1993 on robust demand for its hand-crafted leather goods and printed silk scarves. REUTERS/Philippe Wojazer
Shares of Hermes, Cartier-parent Richemont, and LVMH soared more than 15% this week.
The surge comes as Chinese officials pledge to ramp up stimulus measures to combat the country’s sluggish economy.
European luxury stocks have struggled this year amid weak Chinese demand.
