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Hermès’ alleged conduct could even bolster competition, the judge suggested, by prompting shoppers to buy a rival’s bag in order to avoid the need to purchase additional Hermes accessories.
"You do not buy a bag or a scarf for the season for Hermès," he said. "But you can justify it because it's almost like a long-term asset in your household." Hermès's strategy "sacrifices short ...
executives earlier this year said that Hermes was seeing slightly less traffic from aspirational clients, impacting higher volume products like fashion accessories such as silk scarves.
The Paris-listed group, known for its silk scarves and Birkin handbags, reported on Thursday that sales rose 11.3 per cent to €3.7bn on a constant currency basis in the three months to Septe ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wealth creation benefits everyone. But when those who have do better than those who do not, luxury stocks ...