The Hermès exception confirms that the rules of luxury have changed

Le Temps

The Hermès exception confirms that the rules of luxury have changed

Interim financial statements have ended in a rout. As the entire sector is squeezed by the atrophy of Chinese demand, Hermès posts double-digit growth. A unique configuration. China has a good back. It took the closure of the Paris stock exchange on Thursday to get a complete X-ray of the luxury industry for the first half of the year. Watch out. The reading is more complex than expected. It will not be enough to turn to Extreme East and point w…