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Dec. 21, 2025
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Retail

Hermés, hit by pandemic-related store closings, sees 24pc drop in first-half sales

July 31, 2020

Hermés is off its stride due to the fallout of COVID-19 lockdowns, travel restrictions and store closures. Image credit: Hermés Hermés is off its stride due to the fallout of COVID-19 lockdowns, travel restrictions and store closures. Image credit: Hermés

 

By Luxury Daily News Service

Hermés, in line with its peers LVMH, Kering and Richemont, saw a major slump in revenue over the second quarter and the first six months of the year as COVID-19 lockdowns and travel restrictions took a toll on retail-store operations.

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  1. Louis Vuitton introduces Visionary Journeys Seoul
  2. Exclusive Resorts purchases Inspirato for $59M
  3. Savannah College of Art and Design debuts SCAD LUXE research center
  4. Ennismore picks Bangkok site for first-in-region SLS Residences
  5. Kering to acquire jewelry manufacturer Raselli Franco Group
  6. Luxury Unfiltered: Why the best luxury experiences look exactly like the worst ones (on paper)
  7. Lamborghini heads to French Alps for women-led driving series
  8. Dior builds five-story statement flagship in Beijing
  9. Dolce & Gabbana debuts Devotion fragrance film
  10. Brunello Cucinelli casts holiday spell with ‘Cinema Meraviglia’
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