Hermes’s Q3 revenue growth slows on weak Chinese demand
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What happened
Hermes said its ready-to-wear and accessories sales fell 2% year-on-year due to sluggish Chinese demand for high-volume accessories. (AFP pic) PARIS: Birkin bag maker Hermes posted softer third-quarter (Q3) revenue growth than expected on Thursday as sales in its ready-to-wear and accessories division fell for the first time in years due to weak demand in key market China. (Free Malaysia Today, 17:58)
The reporting
1 report
Photo: Free Malaysia Today Free Malaysia Today·News·EN·22 Oct, 17:58 MYTHermes’s Q3 revenue growth slows on weak Chinese demand
Hermes said its ready-to-wear and accessories sales fell 2% year-on-year due to sluggish Chinese demand for high-volume accessories. (AFP pic) PARIS: Birkin bag maker Hermes posted softer third-quarter (Q3) revenue growth than expected on Thursday as sales in its ready-to-wear…
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Timeline
- DetectedFirst detected (Free Malaysia Today) source
Where it started
How it spread
- Step 1News outletsFree Malaysia Today17:58
Internet reaction
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What we know
- Covered by 1 established outlet(s): Free Malaysia Today
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