Hermes to hike US prices to offset tariff impact
French luxury group Hermes, renowned for its Birkin handbag, will increase prices in the United States from May 1st. This decision aims to offset the impact of President Trump's 10% import tariffs. Despite wildfires and snowstorms disrupting US sales, Hermes reported strong first-quarter global sales of 4.1 billion euros, with a notable 13.3% surge in the Americas region.
French luxury group Hermes, renowned for its Birkin handbag, will increase prices in the United States from May 1st. This decision aims to offset the impact of President Trump's 10% import tariffs. Despite wildfires and snowstorms disrupting US sales, Hermes reported strong first-quarter global sales of 4.1 billion euros, with a notable 13.3% surge in the Americas region. What's Your Reaction?
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