Hermès Shares Plunge on Weak China Demand for Leather Goods

Birkin Bag Maker Plunges Most Since 2010 As Soft China Demand Weighs On Leather Sales

Birkin Bag Maker Plunges Most Since 2010 As Soft China Demand Weighs On Leather Sales Hermès shares in Paris suffered their steepest intraday decline in nearly 16 years after second-quarter leather goods sales missed estimates among analysts tracked by Bloomberg, reigniting concerns over the luxury group's large exposure to the Chinese market.  Second-quarter sales in the leather goods division rose 10.2% at constant exchange rates, missing the Bloomberg Consensus estimate of 10...

By Tyler Durden