According to financial information platform Investing.com, BNP Paribas has upgraded the stock rating of Hermès from Neutral ...

Birkin bag maker Hermes reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers.

Luxury goods group Hermes International outperformed rivals as its sales grew despite headwinds in China. Hermes FR:RMS said Thursday it was able to offset a downturn in traffic in China since the ...

The nearly 200-year-old family company even reported a 7% growth in Asia, excluding Japan, where sluggish demand for luxury in China has wreaked havoc for many other luxury brands. The only sore ...

written by Amra Osman, Sales Director at XTB MENA 18 th Nov 24 8:20 am The accommodative announcements by the People’s Bank ...

“We see Hermès as the best current opportunity to protect the portfolio from a difficult [fourth quarter] — suffering from a global cyclical slowdown exacerbated by structural issues in China ...

Kering warned its 2024 operating income would almost halve to its lowest in years as weak demand in China deepened the ... the need to purchase additional Hermes accessories.

Hermès defies the economic slowdown in China, achieving 11.40% revenue growth in Q3 2024, while competitors like Kering and LVMH suffer. Exceptional growth in Europe and triple-digit growth in ...

French luxury group Hermes posted Thursday a jump in third quarter sales, bucking the overall gloom in the sector caused by falling sales in China. The luxury house, famous for its leather bags ...

While household spending has been subdued in Europe over the past few years due to high interest rates and elevated inflation, the downturn has been largely driven by shoppers from China.

PARIS: Birkin bag maker Hermes reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers ...