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Strong demand for its exclusive handbags drove revenues at French luxury group Hermès up by 17 per cent in the first three months of 2024, defying a wider slowdown in luxury .
French luxury group Hermès shrugged off the rise in Covid-19 cases in China and .French luxury house Hermès benefited from strong growth in China at the end of last . Hermès—the coveted Birkin and Kelly bag maker—reported a 17% jump in first-quarter sales Thursday on the back of strong leather goods sales and Chinese demand, . French luxury group Hermès shrugged off the rise in Covid-19 cases in China and increased sales by a quarter last year, with little disruption to shopper demand for products .
Hermès Bucks Luxury Slowdown as Sales Gain 11% in Q3, as Loyal Clients in China Upped Spend. Sales continued to grow apace at Hermès, even as sales plunge at rivals .
French luxury house Hermès benefited from strong growth in China at the end of last year as shoppers snapped up its colourful silk scarves and leather handbags in their home . Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter including in China, and underlining strong demand for.
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hermès sales beat expectations
PARIS, Feb 17 (Reuters) - Birkin bagmaker Hermes (HRMS.PA) said that wealthy Chinese clients snapped up its products in the fourth quarter even as the rest of the luxury sector took a hit from. Loyal local consumers and leather goods are helping Hermès buck the global slowdown in luxury spend, even as aspirational Chinese consumers are retreating. The French . Sales at constant exchange rates jumped 17% to €3.8 billion (.1 billion) in the first quarter, Hermes International SCA said Thursday. This was more than analysts expected. Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.
Strong demand for its exclusive handbags drove revenues at French luxury group Hermès up by 17 per cent in the first three months of 2024, defying a wider slowdown in luxury sales. Hermès—the coveted Birkin and Kelly bag maker—reported a 17% jump in first-quarter sales Thursday on the back of strong leather goods sales and Chinese demand, bucking the global luxury.
French luxury group Hermès shrugged off the rise in Covid-19 cases in China and increased sales by a quarter last year, with little disruption to shopper demand for products from the maker of. Hermès Bucks Luxury Slowdown as Sales Gain 11% in Q3, as Loyal Clients in China Upped Spend. Sales continued to grow apace at Hermès, even as sales plunge at rivals Kering and LVMH.
French luxury house Hermès benefited from strong growth in China at the end of last year as shoppers snapped up its colourful silk scarves and leather handbags in their home market as Covid-19. Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter including in China, and underlining strong demand for.
PARIS, Feb 17 (Reuters) - Birkin bagmaker Hermes (HRMS.PA) said that wealthy Chinese clients snapped up its products in the fourth quarter even as the rest of the luxury sector took a hit from. Loyal local consumers and leather goods are helping Hermès buck the global slowdown in luxury spend, even as aspirational Chinese consumers are retreating. The French luxury firm trotted ahead of. Sales at constant exchange rates jumped 17% to €3.8 billion (.1 billion) in the first quarter, Hermes International SCA said Thursday. This was more than analysts expected.
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector. Strong demand for its exclusive handbags drove revenues at French luxury group Hermès up by 17 per cent in the first three months of 2024, defying a wider slowdown in luxury sales. Hermès—the coveted Birkin and Kelly bag maker—reported a 17% jump in first-quarter sales Thursday on the back of strong leather goods sales and Chinese demand, bucking the global luxury. French luxury group Hermès shrugged off the rise in Covid-19 cases in China and increased sales by a quarter last year, with little disruption to shopper demand for products from the maker of.
Hermès Bucks Luxury Slowdown as Sales Gain 11% in Q3, as Loyal Clients in China Upped Spend. Sales continued to grow apace at Hermès, even as sales plunge at rivals Kering and LVMH. French luxury house Hermès benefited from strong growth in China at the end of last year as shoppers snapped up its colourful silk scarves and leather handbags in their home market as Covid-19. Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter including in China, and underlining strong demand for.
PARIS, Feb 17 (Reuters) - Birkin bagmaker Hermes (HRMS.PA) said that wealthy Chinese clients snapped up its products in the fourth quarter even as the rest of the luxury sector took a hit from. Loyal local consumers and leather goods are helping Hermès buck the global slowdown in luxury spend, even as aspirational Chinese consumers are retreating. The French luxury firm trotted ahead of. Sales at constant exchange rates jumped 17% to €3.8 billion (.1 billion) in the first quarter, Hermes International SCA said Thursday. This was more than analysts expected.
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