Hermes International : Confirmation of a more visible slowdown in Asia
>The slowdown observed in March in China has firmed up, growth in Asia could remain below the group average for the rest of 2024 - The group had indicated a slowdown in client footfall in China in March at the time of the publication of Q1 sales and we understand that this slowdown has firmed-up and should be reflected in group activity in Q2 with the Asia-Pacific zone showing a slowdown in growth. However, we understand that demand remains satisfactory in Europe and ...Hermes International is engaged in the manufacture, sale, and distribution of luxury goods primarily in France, rest of Europe, Japan, Asia-Pacific, and Americas. Co.'s activities can be divided into two segments: the distribution via Co.'s exclusive network and the distribution via specialist outlets. The distribution via Co.'s exclusive network comprises silks and textiles, leather goods and saddlery, ready-to-wear and fashion accessories (men and women's clothing, belts, jewellery accessories, gloves, hats and shoes), and other goods (jewellery and products of the art of living department). The distribution via specialist outlets comprise perfumes, tableware and watches.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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