Hermès Group Sees 14% Drop in Q3 Revenue Despite Rebound from Previous Quarter

Despite rallying from a rough second quarter that saw its revenues plummet by a staggering 41 percent, the Hermès Group is nonetheless facing a 14 percent decline in revenue over the third quarter of 2020, bringing in €4.3 billion EUR, or roughly $5 billion USD.Regionally, Asia has been the main driving force behind the rebound, with "remarkable performance" across Mainland China, Korea, Australia, Thailand, and Hong Kong and Singapore, generating a total increase of 29 percent in sales. The ...