Hermes, the luxury giant that was previously known as the unstoppable fashion house is seeing their sales dropping by 94% in China, allegedly. Additionally, Jing Daily reported back in April, Hermès’ Q1 sales missed expectations due to weaker Chinese demand and sluggish Asia-Pacific growth.
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Hermes Sales Allegedly Dropping by 94% in China
Hermes, the luxury giant that was previously known as the unstoppable fashion house is seeing their sales dropping by 94% in China, allegedly. Additionally, Jing Daily reported back in April, Hermès’ Q1 sales missed expectations due to weaker Chinese demand and sluggish Asia-Pacific growth.