Hermès Quarterly Sales Hurt by Weakness in Chinese Luxury Demand

How Luxury Watches Suddenly Became More Fun Than Ever

From an $162,000 Hermès timepiece featuring a tongue-wagging horse to a color-splashed Parmigiani Fleurier perpetual calendar, high-end watchmakers have learned to let loose.

The luxury sector is one of the most profitable, to the degree that the fifth richest man in the world has generated his fortune with it. The price at which a product is sold to the final consumer is usually between eight and 12 times higher than the cost of his maquila. And, while China is one of the largest manufacturing centers of this type of goods (especially clothing, bags and shoes), given the margins that leaves European brands to hire l…

"Luxury Turns Late-Cycle": After LVMH Miss, Hermes Stumbles Too

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

French luxury fashion brand Hermès announced Thursday an increase in revenues in the first quarter, driven by growth across all geographies. The company recorded revenues in the fourth quarter.

The French luxury company Hermes achieved less sales in the first quarter. A close look at the figures shows why a continent is particularly concerned.

Hermès Quarterly Sales Hurt by Weakness in Chinese Luxury Demand

Hermès’ sales at the start of the year were hurt by a slowdown in Chinese demand, showing that even the most resilient purveyor of high-end goods wasn’t spared the slump in the luxury industry there.