Hermes Third-Quarter Sales Growth Slows to 4.3%
Hermes reported third-quarter revenue of 4.1 billion euros, up 4.3% year over year at constant currency. The company said sales growth lost pace as luxury demand remained tough.
By Andrea FiguerasHermes said sales growth lost pace in the third quarter, as hopes of a recovery in luxury demand dwindle.The French luxury house booked revenue of 4.1 billion euros ($4.61 billion) for the quarter through September, 4.3% higher than in the same period a year earlier at constant cu…