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French Luxury Hermes Continues To Accelerate In The Three Quarter.

2016/11/5 11:59:00 40

HermesMarketLeather Goods

  

Hermes

Revenue growth in the three quarter of the world continued to accelerate, with fixed exchange rate growth rising from 8.1% in the two quarter and 6.2% in the first quarter to 8.8%.

Hongkong airport and Macao Yongli Imperial Palace's new store account plus China's continued growth offset the French homeland.

market

Decline.

In the three quarter, the total income of Herm s International SCA Hermes International Group totaled 1 billion 256 million 700 thousand euros, compared with 1 billion 143 million 100 thousand euros last year.

Supporting growth from the perspective of products is still

Leather goods

The income of the harness series increased sharply from 16.3% to 630 million 200 thousand euros in the same period compared with the previous year. The increase of production capacity has played a positive role. The group revealed that this year it has recruited 300 new employees for its factories, and perfume has continued to grow at double-digit rates.

The series of garments and fashion accessories continued to improve, reversing the first half of the year's decline in 0.1% growth in the three quarter, while watches grew stagnant.

 Hermes

The worst performance in the three quarter Herm s International SCA Hermes international global market was France, a 0.9% decline in the three quarter, but also a 8.9% increase in the two quarter. The European division in the division of foreign trade rose 9.8%, improving by 6.7% over the two quarter.

Japan's growth rate slowed down from 7.3% in the two quarter to 5.6%, while the Americas also dropped from 12.1% to 7.3%. The group said the overall environment in the region was still unstable, but the United States had a solid growth and demand in Europe was also rising.

Bain&Co. Global Research on luxury goods released last month by Bain and Italy luxury goods association Altagamma showed that even though the traditional luxury market could not grow this year, the Chinese market benefited from the price reduction of luxury brands, which promoted the growth of consumer sentiment by 4%.

NoAgency, an industry research and consulting firm, expects an increase of 6%.

It is reported that Herm's s International SCA Hermes International's main rival LV MHSE and Kering SA Open Cloud group and Tod 'sSpA and Hugo Hugo Hugo Bosse and other colleagues have released a good signal for the mainland market recovery.

Many luxury companies have said that Chinese consumers, who occupy more than 1/3 of global demand, have been restarting to raise luxury related spending, partly because of the government's policy of encouraging local consumption.

"Now the driving force is that Chinese consumers are slowly returning to the market."

Makiko Zuercher, who runs the Dynapartners Luxury Brands Fund fund, says.

HSBC Holdings PLC HSBC analyst Erwan Rambourg and Antoine Belge released a research report earlier this week, pointing out that psychological factors such as the devaluation of the renminbi in August last year and the terrorist attacks in Paris in November have all reduced their psychological factors. Therefore, we believe that after the elimination of the unstable factors in the US presidential election this week, luxury goods will return to the bull market.

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