Hermès Q3 Growth Slows Despite Sales up 16%

Hermès has seen its sales increase by 16% in its third quarter of 2023. While that may be the case, the growth for the company is down from its consecutive record quarters, reflecting the global slowdown in luxury growth and the end of the post-pandemic euphoric spend. Though this is it, the French luxury house is still ahead of its rivals.When announcing the results, Axel Dumas, Hermès executive chairman said, "The solid performance in the third quarter reflects the desirability of our collec...