Hermès shares hit three-year low as Iran war crashes Middle East sales
Hermès shares plummeted 14% on Wednesday, hitting their lowest level in over three years after first-quarter results revealed the war in Iran is finally eroding the luxury sector’s most resilient player. The French group, long considered the gold standard for stability in high-end retail, missed analyst growth expectations as geopolitical instability paralyzed spending in the … Weiterlesen …