Hermès reports lower than expected sales amid Middle East conflict worries

First-quarter revenues rise 6%, falling short of forecasts

Hermès and Kering knocked by disappointing sales

Kering stock was off 10.1% at €251.80 on the Paris stock exchange, while Hermès fell 10.5% to €1,601.

Stock markets ‘naive’ over Iran war optimism; Reeves and Bessent to meet at IMF – business live

Rolling coverage of the latest economic and financial news Middle East crisis live: US claims blockade has ‘completely halted economic trade’ into Iran, as Trump hints at return to talks in Pakistan Record-high export revenues from crude oil have pushed Norway’s trade surplus to its highest level since January 2023. Statistics Norway has reported that the country’s export revenues rose to NOK 199.9bn (£15.6bn) in March 2026. The closure of the Strait of Hormuz has caused a significant suppl...

By Graeme Wearden

Kering stock slumps 6% after Gucci sales drop, Iran war weighs on earnings

While results underwhelmed, investors' attention is firmly on the company's Capital Markets Day Thursday, where CEO de Meo will present a new strategic roadmap.

Hermes and Gucci sales fall short on Middle East turmoil. Investors were surprised.

Hermes International, trading at 34 times earnings, saw its stock get pummeled on Wednesday after the luxury-goods maker reported slower-than-expected first-quarter sales growth.

By Steve Goldstein

Birkin bag maker Hermes hit as war deters shoppers from Dubai to Paris - The Straits Times

Birkin bag maker Hermes hit as war deters shoppers from Dubai to Paris  The Straits Times

UK faces economic hit from Iran war, while US is largely untouched - The Observer

UK faces economic hit from Iran war, while US is largely untouched  The Observer

Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature"

Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature" Goldman's Natasha de la Grense summed it up well this morning: "Money was waiting on the sidelines to buy luxury for a de-escalation play – that feels premature with three misses in three days."  Disappointments from Kering and Hermès, both of which fell short of analyst estimates, reinforced the view that the industry of fine wine, overpriced shirts, shoes, belts, and designer bags, i...

By Tyler Durden

Turkish CDS risk premiums drop to pre-war level

Türkiye's five-year credit default swap (CDS) risk premiums, which had risen to as high as 327 basis points in March when clashes between the U.S., Israel and Iran intensified...

War with the United States draws attention to Iran in Group G - Naharnet

War with the United States draws attention to Iran in Group G  Naharnet