Hermès and Gucci shares tank in ‘dismal’ week for luxury brands Retail Investors have fled from leading luxury stocks like Hermès and Gucci this week after they revealed tumbling sales as a result of the Iran war. The market was quick to respond to the poor results from several top fashion houses, as doubts swirl around the Middle East’s role as a key market for luxury brands. [...]
Hermès share rise as handbag-maker retains luxury crown Retail Shares in the luxury handbag retailer Hermès rose this morning as the family-owned firm reported yet another bumper set of results. Revenue reached €15.2bn (£12.66bn) in 2024, up 15 per cent year on year, Hermès told markets this morning. The share price of the Euronext-listed company rose 2.5 per cent in early trades, meaning the [...]
