Hermes Sees China Demand Undented by Shanghai Stock Decline
- Mainland China revenue keeps growing at double-digit pace
- Birkin-bag maker sees first-half profitability near record
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Hermes International is weathering a decline in China’s stock market, saying sales in the country are still growing at a rate of more than 10 percent.
First-half profitability remained near record levels and second-quarter sales rose 12 percent, beating analysts’ estimates, according to a statement from the Paris-based company Friday.