Hermès Q3 Sales Growth Slows as Asia Stagnates
12 hours ago · WWD - Business of Fashion
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WWD - Business of Fashion
⚡ B-SPARK TAKE
Even the most resilient luxury houses aren't immune to the cooling appetite of the Asian market. Hermès now faces the challenge of balancing heritage demand with the need for a fresh creative spark.
Even the most resilient luxury houses aren't immune to the cooling appetite of the Asian market. Hermès now faces the challenge of balancing heritage demand with the need for a fresh creative spark.
Hermès reported a slowdown in Q3 sales growth, primarily driven by stagnant performance in the Asian market. Despite strong leather goods sales, ready-to-wear revenue declined as the brand anticipates a new creative collaboration.
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