Photographer: Balint Porneczi/Bloomberg

Hermes Lowers Sales Outlook for Second Year on Slowing Economies

  • Weakest quarterly growth in six years after Paris attacks
  • Shares slump 5.6%, then erase drop as European stocks rally

French handbag maker Hermes International SCA cut its sales outlook for a second year, predicting growth at less than half the level of the start of this decade as the luxury-goods sector cools.

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