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(image:  )    Posh pack: A Hermes lizard skin handbag priced at £18,000<br>A handbag shortage hit sales at French fashion house Hermes.<br>Famed for its $10,000-plus handbags such as the Birkin and its squared silk scarves, it said stocks of its coveted bags ran low in 2017.<br>However, it is benefiting, like luxury rivals Louis Vuitton-owner LVMH, from growing appetite from younger shoppers and a soaring demand in .<br>Axel Dumas, chief executive, said: 'There is good momentum in our industry because of demographics and because of the economic growth of China and the worldwide economy.<br>  RELATED ARTICLES              Share this article Share  'We are confident for the future, and it will continue, I hope, at this kind of pace.'<br>  Hermes is expanding its leather goods production with new workshops in France.<br>The firm, which also makes perfumes, clothing and watches, is trying to boost online sales and is due to roll out a new website in Europe and China.<br>Demand in other parts of Asia is up, including in Hong Kong where it opened a new store in January, and Macau. <br>Sales reached £4.8billion for 2017, up 9 per cent.<br>  #fiveDealsWidget .dealItemTitle#mobile display:none #fiveDealsWidget display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px #fiveDealsWidget div, #fiveDealsWidget a margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif #fiveDealsWidget .widgetTitleBox display:block; float:left; width:100%; background-color:#af1e1e;  #fiveDealsWidget .widgetTitle color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px;  #fiveDealsWidget a.dealItem float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px; #fiveDealsWidget a.dealItem#last margin-right:0 #fiveDealsWidget .dealItemTitle display:block;  margin:10px 5px; color:#000; font-weight:bold  #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img float:left; display:block; margin:0; padding:0 #fiveDealsWidget .dealItemImage border:1px solid #ccc #fiveDealsWidget .dealItemImage img width:100%; height:auto #fiveDealsWidget .dealItemdesc float:left; display:block; color:#004db3; font-weight:bold; margin:5px; #fiveDealsWidget .dealItemRate float:left; display:block; color:#000; margin:5px  #fiveDealsWidget .dealFooter display:block; float:left; width:100%; margin-top:5px; background-color:#e3e3e3  #fiveDealsWidget .footerText font-size:10px; margin:10px 10px 10px 10px; @media (max-width: 635px)  #fiveDealsWidget a.dealItem  width:19%; margin-right:1% #fiveDealsWidget a.dealItem#last width:20%  @media (max-width: 560px) #fiveDealsWidget #desktop display:none;  #fiveDealsWidget #mobile display:block!important #fiveDealsWidget a.dealItem background-color: #fff; height:auto; min-height:auto #fiveDealsWidget a.dealItem border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px #fiveDealsWidget a.dealItem#last border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last  width:100%  #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage float:left; display:inline-block #fiveDealsWidget .dealItemImage width:35%; margin-right:1% #fiveDealsWidget .dealItemContent width:63% #fiveDealsWidget .dealItemTitle margin: 0px 5px 5px; font-size:16px #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate clear:both    DIY INVESTING PLATFORMS              Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence.               <br>