Hermès' Revenue Growth Slows Amid Looming Trade Uncertainty

The Birkin bag manufacturer announced a revenue of $4.7 billion for the first three months of the year. The Birkin bag maker Hermès reported higher revenue for the first quarter, but growth has slowed as the luxury sector faces an uncertain environment due to declining demand and looming U.S. tariffs. The French company announced a revenue of €4.13 billion ($4.71 billion) for the first three months of the year, an increase of 7.2% compared to the previous year at constant exchange rates. Analysts had estimated around €4.14 billion. A growth...