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Bloomberg
Hermes International says growth in greater China remains rapid despite months of protests in the luxury shopping hub of Hong Kong.
A “slight acceleration†in mainland China will offset the impact from store closures in Hong Kong, which was most significant in August, Hermes Chief Financial Officer Eric du Halgouet said on a conference call.
“Globally, our performance in greater China has been identical,†he said. “We remain on the same trend.†Hermes shares fell less than 1 percent in Paris trading to 634.80 euros. Du Halgouet spoke to reporters as Hermes reported first-half operating profit of 1.14 billion euros ($1.26 billion). Analysts had predicted 1.12 billion euros.