The results announced by Hermès on the morning of 8 February, with fourth-quarter revenues up 9.6% at constant rates, are yet another reassurance for luxury sector investors that Asia, China in particular, they are not slowing down.
Sales of the French fashion house grew by 13% in Asia (excluding Japan) and the CEO, Axel Dumas, sees no change in pace in Chinese stores. The relative results within the year will be announced only next March 20.
The share in Paris has grown up to 1.7% and many other luxury items are rising: Moncler (+ 1.7% in Milan), Burberry (+ 1.3% in London) and LVMH (+ 0,9% in Paris).
