Hermes Warns of Second-Half Slowdown After China Boosts Profits

Hermes International warned that profitability probably has reached a peak and that the strong euro is set to erode 2018 sales of the company’s Birkin handbags and other luxury goods, spurring concern that the industry’s rebound may become rockier. The operating margin will probably narrow after reaching a record 34.3 percent in the first half, executives said Thursday, … https://bloom.bg/2eY3yAX

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