Hermès’ third-quarter revenue flat at constant exchange rates in Asia-Pacific excluding Japan as overall growth slows

Bloomberg reports Hermès’ Asia-Pacific revenue excluding Japan was flat at constant exchange rates, against a forecast of 1.55% growth. Reuters puts companywide third-quarter sales at €4.10 billion, with currency-adjusted growth of 4.3%, below a 5.2% growth forecast. Reuters reports Hermès’ ready-to-wear and accessories division fell 2% while leather goods grew 10.8%; finance chief Eric du Halgouet chiefly attributed the contraction to weak Chinese demand for high-volume accessories.