Recovery in luxury-goods industry gained pace after handbag maker Hermes International joined LVMH and Gucci parent Kering in saying the Chinese market is improving and pointed to growth in leather goods like its iconic Birkin bag.

Hermes International solidified its status as the luxury industry’s go-to label, proving that customers are willing to ignore growing economic uncertainty and spend thousands of dollars on must-have leather handbags.

Hermes International has reported first-quarter leather-goods sales that beat analysts’ estimates as the French luxury company boosted purse production and the aftershock of November’s Paris terror attacks eased.

French luxury handbag maker Hermes International reported full-year profit that beat analysts’ estimates even after the November terrorist attacks in Paris damped tourist spending in its home market.