Hermès Reports 4.3% Third-Quarter Revenue Growth as China Demand Weakens
Revenue rose 4.3% at constant exchange rates in the three months to September, below analysts’ expectations of 5.2%, as demand in China weakened.
By Nick KostovHermès reported a slowdown in third-quarter sales growth, with weakening demand in China raising fresh doubts about a recovery in the luxury-goods sector.Revenue rose 4.3% at constant exchange rates in the three months to September, falling short of analysts' expectations of 5.2% grow…