Hermes reported disappointing sales in the third quarter, citing sluggish demand in China, a sign that the Birkin bag maker is succumbing to the spending curbs affecting shoppers there.
Revenue in the region that includes China, the luxury group's biggest market, flatlined at constant exchange rates, Hermes International said Thursday. Analysts had expected growth of about 1.6%. The region generates around 42% of Hermes' total revenue.
