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April 19, 2024
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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.

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