Hermès, the French luxury brand, has reported sales of £ 2.8 billion (€ 3.3 billion) for the third quarter, up 7.3 per cent but lower than previous quarters in the current fiscal year.
Sales increased by 7 per cent at the leather goods business, thanks to “very consistent demand and high desirability.” The men’s and women’s SS24 fashion presentations were “very well received,” and the ready-to-wear and accessories division saw 10.2 per cent growth. However, sales declined 1.7 per cent in the company’s silk and textiles business.
Sales increased 16.4 per cent in Europe as a result of “loyalty of local customers and dynamic tourist flows,” with “solid performances” across the board.
The company stated that it will continue the year with confidence thanks to the “highly integrated artisanal model, the balanced distribution network, the creativity of collections, and the loyalty of clients”.
Axel Dumas, Executive Chairman of Hermès, said, “The solid performance in the third quarter reflects the desirability of our collections all over the world.”
