{"id":4932,"date":"2023-10-24T06:57:45","date_gmt":"2023-10-24T06:57:45","guid":{"rendered":"https:\/\/infundpros.com\/business\/hermes-sales-growth-slows-in-third-quarter\/"},"modified":"2023-10-24T06:57:45","modified_gmt":"2023-10-24T06:57:45","slug":"hermes-sales-growth-slows-in-third-quarter","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=4932","title":{"rendered":"Herm\u00e8s sales growth slows in third quarter"},"content":{"rendered":"<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=436f6317-7f20-481d-bfdf-cdaf2c23aea7\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Sales growth at French luxury group Herm\u00e8s softened in the third quarter, in line with the broader change of pace in the luxury industry but still beating market expectations.\u00a0<\/p>\n<p>The maker of Birkin handbags said sales rose 15.6 per cent in the three months to the end of September to \u20ac3.36bn, much slower than growth of 27.5 per cent in the second quarter and 23 per cent in the first. <\/p>\n<p>However, it beat consensus expectations of 14 per cent growth compiled by Visible Alpha. <\/p>\n<p>Industry leader LVMH reported a slower pace of sales growth earlier in the month, signalling a widely expected slowdown in growth for the luxury industry as the shine came off a three-year boom.<\/p>\n<p>\u201cMore than ever, in an uncertain global environment, we are reinforcing our investments and our teams to support growth,\u201d said Herm\u00e8s executive chair Axel Dumas. \u201cThe solid performance in the third quarter reflects the desirability of our collections all over the world, with still a sustained momentum in Asia and in the Americas.\u201d <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/436f6317-7f20-481d-bfdf-cdaf2c23aea7\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sales growth&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-4932","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Herm\u00e8s sales growth slows in third quarter | inFundPros<\/title>\n<meta name=\"description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sales growth at French luxury\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=4932\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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