Luxury Daily
The authority in luxury news.
April 11, 2026
  1. Chandon launches ready-to-serve spritz collection
  2. Launching Radar, Triple S.2, Balenciaga releases ode to ritual
  3. Luxury Unfiltered: Kering's 80pc opportunity starts with a question most brands won’t ask
  4. Louis Vuitton announces Regeneration 2030
  5. Gigi Hadid fronts new leather goods campaign from Miu Miu
  6. De Beers supports Desert Diamonds with bridal addition
  7. Subscribe now: $12 for 12 weeks
  8. Lancôme seeds longevity-focused skincare with 20th Century Studios
  9. Omni Hotels forms lifestyle partnership with sportswear brand Peter Millar
  10. Singer Renée Rapp carries Stella McCartney’s Falabella bag forward
Comment
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

Retail

Hermès Q1 sales down 6.5pc to $1.62B over COVID-19 measures globally

April 24, 2020

Hermès' recently reopened its store in the Swiss-Italian town of Lugano. Switzerland now is under lockdown as part of COVID-19 prevention measures. Image credit: Hermès Hermès' recently reopened its store in the Swiss-Italian town of Lugano. Switzerland now is under lockdown as part of COVID-19 prevention measures. Image credit: Hermès

 

By Luxury Daily News Service

French luxury conglomerate Hermès, hit by COVID-19 lockdowns worldwide, posted revenue first-quarter revenue of $1.62 billion, a 6.5 percent decrease at current exchange rates and a 7.7 percent drop at constant exchange rates.

To read the entire article, please subscribe or
 
LATEST HEADLINES
MOST POPULAR
  1. Chandon launches ready-to-serve spritz collection
  2. Launching Radar, Triple S.2, Balenciaga releases ode to ritual
  3. Luxury Unfiltered: Kering's 80pc opportunity starts with a question most brands won’t ask
  4. Louis Vuitton announces Regeneration 2030
  5. Gigi Hadid fronts new leather goods campaign from Miu Miu
  6. De Beers supports Desert Diamonds with bridal addition
  7. Subscribe now: $12 for 12 weeks
  8. Lancôme seeds longevity-focused skincare with 20th Century Studios
  9. Omni Hotels forms lifestyle partnership with sportswear brand Peter Millar
  10. Singer Renée Rapp carries Stella McCartney’s Falabella bag forward
VIDEOS
More Videos

MORE IN Retail
The 1916 Company sets up shop on Manhattan Beach
Schiaparelli begins Harrods takeover
Hermès opens multifloor flagship in Beijing’s Sanlitun district
Saks Global lines up $500M in exit financing for chapter 11 emergence
The RealReal combats AI fakes in ‘I Am Real’
Launching ‘The NYC Edit,’ eBay takes advice from fashion’s inner circle



RECENT ARTICLES
Chandon launches ready-to-serve spritz collection
Global deliveries take 15pc hit at Porsche in Q1
The 1916 Company sets up shop on Manhattan Beach

Launching Radar, Triple S.2, Balenciaga releases ode to ritual
Singer Renée Rapp carries Stella McCartney’s Falabella bag forward
Cartier, The King’s Foundation create fellowship for fine watchmakers