China helps Hermes sales blooms in Asia

Jul 23, 2018Updated Jun 1, 20251 min read

Luxury fashion brand Hermes’ latest figures show Chinese sales are still driving the business.

The company has reported strong sales growth for the first half of this year with all business lines and all geographical areas all ahead of last year, and especially positive momentum in greater China and the whole Asian region. The group benefited from the opening of its Landmark Prince’s store in Hong Kong in January, and a Changsha store which opened in May.

According to the report, figures for Asian sales (excluding Japan) showed a 15 per cent growth as opposed to an average growth across all sectors of 11 per cent.

The group’s consolidated revenue amounted to €2.853 billion (US$3.347 billion) in the first half of 2018.

Hermes’ final half-year results, which will be published on September 12, will include a net capital gain for the Asian region of €50 million (US$58.65 million) resulting from the sale of the former Hong Kong flagship store.

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Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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