Even Hermès feels the turmoil in China and the Middle East

Hermès managed to grow again in the first half of the year, but even the flagship of the luxury sector is struggling with a stagnant Chinese market and lower spending in the Middle East.

“Loyal customers”

Hermès’ revenue rose by 6.1% at constant exchange rates to 8.2 billion euros in the first six months of 2026. Negative currency effects limited reported revenue growth to 1.6%. Net income came in at 2.2 billion euros, remaining virtually stable.