French fashion company Hermes reported a 9.4% rise in sales to €1.46bn ($1.68bn) for the third quarter, led by an 11.8% sales rise in Asia excluding Japan to €519m. Investors were relieved by the figures after worries that the China-US trade dispute might have affected sales in China. Hermes said it had opened a store in Xi’an and launched its Chinese website. The German luxury goods group LVMH Moët Hennessy Louis Vuitton posted a 7% increase in revenue at €2.3bn (£1.8bn).
French fashion company Hermes reported a 9.4% rise in sales to €1.46bn ($1.68bn) for the third quarter, led by an 11.8% sales rise in Asia excluding Japan to €519m. Investors were relieved by the figures after worries that the China-US trade dispute might have affected sales in China. Hermes said it had opened a store in Xi’an and launched its Chinese website. Hermes did not reveal its sales targets for the whole year, however, but said it had “an ambitious goal” for revenue growth.