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hermès thrives amid luxury market slowdown with exclusive offerings and strong demand

Hermès continues to thrive amid a global luxury slowdown, driven by the enduring appeal of its Birkin and Kelly handbags, which account for up to 28% of its revenue. Despite a decline in overall luxury spending, Hermès reported double-digit growth in its latest quarter, contrasting sharply with competitors like LVMH and Kering. The brand's focus on quality and exclusivity has attracted high-end consumers willing to spend more per transaction, reinforcing its market position.
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United States Dollar SCI LVMH Hermes 3 SCI Kering SA Richemont DNS Inc. FRA MCO Jane Birkin Princess Grace Kelly Show more
Finance & Economy, Market Report
13:00 31.10.2024
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