Excluding Japan, Hermès recorded a 7% revenue growth, with a particularly strong performance in the fourth quarter, which ...
"Not very many foreigners buy Hermès in Japan, and the Chinese tend to buy in China." In recent years, Hermes' products have been touted as status symbols, with items being marketed to wealthier ...
Even in Asia, pulled down by a luxury market decline between 18% and 20% in China, according to Bain, Hermès scored a win with annual revenues up 10% overall, including 23% growth in Japan.
The double-digit growth at Hermes contrasts with LVMH's 1% rise over the last three months of the year. The Asia region excluding Japan is Hermes' biggest market and sales there grew 9% in the ...
Sales in the last three months of the year rose 18%, pushing past analyst estimates of 10% thanks to strong demand from Japan and tourists in Europe. “In 2024, in a more uncertain economic and ...
The Asia region excluding Japan is Hermes' biggest market and sales there grew 9% in the fourth quarter. Asked about the impact from potential U.S. tariffs on European goods, Executive Chair Axel ...