International Companies
Hermès withstands luxury slowdown as Q3 sales jump 11%
By Benjamin Chiou
Date: Thursday 24 Oct 2024
(Sharecast News) - French fashion and accessories giant Hermès managed to grow quarterly sales by more than a tenth despite the wider luxury-market slowdown, as it was able to shrug off weak demand in China.
The company reiterated its guidance to grow revenues at constant exchange rates over the medium term.
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