We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.


The global fashion business journal

Dec 14, 201912:08pm

Hermès sales rise 16% in third quarter boosted by Asia Pacific

The French luxury fashion company has ended the first nine months of the fiscal year with a revenue of 5 billion euros, boosted by its business in Asia Pacific.

Oct 24, 2019 — 5:19pm
Mds
Related topics
Save

Hermès sales rise 16% in third quarter boosted by Asia Pacific

 

 

Hermès continues on the rise. The French luxury fashion company has ended the third quarter of the year (closed on September 30) with a growth of 16.1%, up to 5 billion euros. The company’s momentum is mainly due to the good evolution of its business in Asia Pacific. The company has shot 22% of its revenues in the region, up to 1.9 billion euros.

 

In the rest of the markets where it operates, Hermès has also grown, with increases of 9.4% in Europe and 15.9% in America. In France, its local market, the group has increased its revenue by 6.1% between January and September.

 

By product category, the ready-to-wear and accessories division has been the area that has evolved the best in the first nine months, up 20.5%. The watch division has also grown to double digits, 17.5% more, while leather goods and saddlery have increased their revenue by 15.7% in the period.

 

“Despite an uncertain international environment, Hermès is experiencing exceptional sales growth over the first nine months, reflecting our creative drive, excellent know-how and customers’ adhesion,” said Axel Dumas, CEO of Hermès, in a statement. 

Advertising
Comment
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...