Overview
- Hermès reports a 17% rise in first-quarter sales, reaching €3.8 billion, outpacing industry expectations.
- The luxury brand sees robust growth in Asia-Pacific, excluding Japan, with a 14% increase, countering a broader slowdown in China.
- Leather goods and high-end products drive sales, with the leather goods division posting a 20% growth.
- Despite global market challenges, Hermès maintains double-digit growth in all regions, including a 25% increase in Japan.
- The company's strategic focus on high-quality craftsmanship and exclusive products continues to attract a loyal, affluent customer base.