Source: Reuters (via feed)
French luxury group Hermes on Wednesday reported weaker than expected first-quarter sales. The firm attributed the slowdown to the Iran war affecting spending in the Middle East. It also noted an impact on sales in France from fewer tourists visiting Paris. The company mentioned reduced purchases of handbags and designer clothes as part of the sales environment.
BizTrendWire Insight:
Hermes linked its first-quarter sales to regional factors including the Iran war and changes in Paris tourism patterns.
Hermes linked its first-quarter sales to regional factors including the Iran war and changes in Paris tourism patterns.
