Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — Hermès International says growth in greater China remains rapid despite months of protests in the luxury shopping hub of Hong Kong.
A “slight acceleration” in mainland China will offset the impact from store closures in Hong Kong, which was most significant in August, Hermès Chief Financial Officer Eric du Halgouet said on a conference call.
“Globally, our performance in greater China has been identical,” he said. “We remain on the same trend.” Hermès shares fell less than 1 percent in Paris trading to €634.80.
Du Halgouet spoke to reporters as Hermès reported first-half operating profit of €1.14 billion ($1.26 billion). Analysts had predicted €1.12 billion.
By Robert Williams; editors: Eric Pfanner and Marthe Fourcade.
