Beating expectations: Is Hermes immune to the global downturn?
Inside Retail
OCTOBER 28, 2024
Gucci, which accounts for half of the group’s annual sales and two-thirds of its profit, was down 25 per cent in the quarter. He added that the loyalty of Hermes’ clientele has contributed to maintaining stable sales figures, despite prevailing global economic uncertainties. Fashion and leather goods fell 5 per cent to €9.15
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