Hermès sales miss estimates in region that includes China
Birkin maker’s APAC revenue stalled in Q3 as wealthy shoppers retrench, echoing LVMH’s weak update and deepening a 36% share-price slide.
A woman stands in front of a Hermès store, gazing out at the urban traffic below, on May 31, 2025, in Chongqing, China. Tougher taxes on overseas wealth and a slowing economy are squeezing affluent mainland buyers, leaving the Birkin maker’s biggest market flat over three months. Image: Getty Images
A woman stands in front of a Hermès store, gazing out at the urban traffic below, on May 31, 2025, in Chongqing, China. Tougher taxes on overseas wealth and a slowing economy are squeezing affluent mainland buyers, leaving the Birkin maker’s biggest market flat over three months. Image: Getty Images