Hermès Outshines Rivals Amid Luxury Sector Slump

Despite a downturn in the luxury market, Hermès reports strong sales growth while competitors struggle with declining revenues.

Hermès posted an 11.3% increase in third-quarter sales, reaching €3.7 billion, defying the broader luxury market slowdown.
The French luxury brand's success contrasts sharply with competitors like LVMH and Kering, which reported declining sales due to weak Chinese demand.
Hermès attributes its resilience to its exclusive business model and strategic long-term investments, maintaining strong performance across various regions.
Kering's flagship brand Gucci saw a significant 25% drop in revenue, contributing to a 16% overall decline in Kering's sales for the quarter.
The luxury market faces challenges from decreased consumer spending in China, impacting brands heavily reliant on the region's demand.