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Nov. 26, 2020
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Apparel and accessories

Hermés, hit by pandemic-related store closings, sees 24pc drop in first-half 2020 sales

July 30, 2020

Hermés' Della cavalliera scarf. Image credit: Hermés Hermés' Della cavalliera scarf. 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. Luxury fashion has entered a new era of digitalization, values: Deloitte
  2. Day's wrap: Saks Fifth Avenue, Vacheron Constantin, Rolls-Royce and Net-A-Porter
  3. How luxury travel brands are pivoting during the pandemic
  4. Valentino gives Lady Gaga a voice for self-expression in new fragrance campaign
  5. As luxury spending shifts to China, brands must adapt to reach shoppers
  6. Tiffany & Co. leads luxury jewelers making strides toward ethical sourcing: Human Rights Watch
  7. Vacheron Constantin launches phone sales, financing options in the US
  8. Net-A-Porter introduces holiday Instagram AR filter to raise charity money
  9. Bleu de Chanel dives deep with new campaign
  10. Saks Fifth Avenue, Vacheron Constantin, Rolls-Royce and Net-A-Porter
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