Hermès: Revenue decline to €4.1 billion in the first quarter!

The French luxury company Hermès recorded a revenue decline of 1.4% to €4.1 billion in the first quarter, while the currency-adjusted growth stands at 5.6%. Apart from the fundamental dependence on sales of the classic Birkin and Kelly bags, management is increasingly relying on fresh product lines to stabilize revenues in the current market environment. New launches, such as the compact "Mini Kelly Pampilles," the summery "Cabas Tressage," and the "Arçon Slim," are intended to maintain the portfolio's attractiveness and counteract the weakening...