Hermes confirms outlook for rising sales in 2025
The Peninsula
Paris: French luxury group Hermes confirmed Wednesday its outlook for full year sales growth as it turned rising revenue for all parts of the world in...
Paris: French luxury group Hermes confirmed Wednesday its outlook for full-year sales growth as it turned rising revenue for all parts of the world in the first half despite global economic uncertainty.
The group, known for its silk scarves and leather handbags, also said it might be able to avoid further price hikes in the United States following the weekend deal that will see EU goods entering the US face a 15-percent baseline tariff.
First-half sales rose by 7.1 percent to 8 billion euros ($9.2 billion), including double-digit growth in the United States.
Excluding currency effects, which had a negative impact of 77 million euros on revenue in the first half of the year, sales would have risen by eight percent.
Sales rose by three percent in the Asia region excluding Japan, the company saying sales had also risen in China, a key market for luxury firms that has been soft recently.
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