News for Hermès International Société en commandite par actions (RMS.PA)

France's Hermes will fully shift the burden of tariffs in the United States to its wealthy clientele, the company said on Thursday, as it posted first-quarter sales that slightly missed market expectations in a rare show of weakness. Hermes's first-quarter sales were dragged down by a continued lull in China, but were still better than peers. At the start of the week, sector bellwether LVMH reported a 5% sales drop in its all-important fashion and leather division and Hermes took its place as the world's most valuable luxury group by market cap.

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Earnings call: Hermès reports robust H1 2024 results, turnover up 15%

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