Hermes to Raise US Prices Amid Slowing Sales Growth
Luxury brand Hermes plans to shift the burden of tariffs in the United States to its wealthy clients, increasing prices by up to 12% starting May 1. The company’s first-quarter sales fell short of expectations, with a 7% rise on a constant currency basis, below analyst forecasts. Hermes’ Finance Chief Eric du Halgouet said higher … Read more