Hermès' beauty segment remains under pressure in Q3

Hermès announced its third-quarter results on Wednesday, October 22, with revenue rising 5% year-on-year to EUR 3.9 billion — “a slight improvement compared to the second quarter, particularly in Europe, the Americas and Asia.” Growth was broad-based across most divisions, except the Watches and the Perfume & Beauty segments, which continued to decline. “In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious…

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