Hermès turnover grew 10 %

Hermès turnover grew 10 %

French luxury brand Hermès has exceeded its third quarter forecast with a 10.4 % turnover growth, to 990.6 million euro. The company did warn for slightly lower operational margins however.

Chinese growth remains

Asian turnover (excluding Japan) for the scarves and hand bag manufacturer was up 10.2 %, lower than in its previous quarters, but Chinese demand for Hermès is still growing. Turnover also grew in other regions: North and South America grew 16.9 %, Japan 16.4 % and Europe 7.4 %. Its turnover on home territory, France, also grew 7.4 %.

 

The leather-wear branch experienced the largest growth, up 19.3 %. Perfume sales went up 11.8 %, while ready-to-wear and accessories grew 9.1 %. Watch sales dropped 14.4 % as a result of smaller Chinese supplies. The company still feels the backlash from stricter Chinese anti-corruption legislation.

Questions or comments? Please feel free to contact the editors


Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Italian Food-focused theme park opens in Bologna

16/11/2017

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

CEO Bernard Deryckere will leave Alpro

16/11/2017

Bernard Deryckere, who was the man behind Belgian dairy company Alpro’s international success, will leave the company after sixteen years. Apparently, he will leave because of differences of opinion with its new owner, Danone.

Ahold USA trials robot in Giant Food Store

15/11/2017

Ahold USA is currently trialing a robot in a Giant Food Store. Its job is to detect dangers and then ask for assistance. He can also point out empty shelves and check prices.

India is promised land for Belgian apples and pears

14/11/2017

India is turning into the promised land for Belgian fruit farmers. It is already Belgian apples’ most important non-European market and Belgian pears are also promoted throughout the country.

Back to top