PARIS — With a worsening outlook for luxury, Deutsche Bank has cut its earnings forecasts on Hermès International by 10 percent and projects slim fourth-quarter sales growth of 7.5 percent, or 0.7 percent in organic terms.
“Worsening luxury news flow, in particular from the U.S., suggests to us that Hermès will see a rapid slowdown in growth rates,” analyst Warwick Okines wrote in a report released Monday.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)