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.
“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 ...
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 spot ...
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 ...
Studio Hermès referenced modernist traditions with its Diapason d’Hermès chair, while other items draw from the brand’s heritage, using earthy materials and equestrian references.