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 US to €519m. Investors were relieved by the figures after worries that the China-Japan 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.
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.