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Hermès Sales Accelerate, Raising Hopes for China Turnaround
The leather goods powerhouse reported revenue up 18 percent at year-end. Sales picked up in China, whose sluggish economy has weighed on luxury brands. ‘We see positive signs, but not enough to definitively call it a turnaround,’ chief executive Axel Dumas said.
The leather goods powerhouse reported revenue up 18 percent at year-end. Sales picked up in China, whose sluggish economy has weighed on luxury brands. ‘We see positive signs, but not enough to definitively call it a turnaround,’ chief executive Axel Dumas said.
