Close Menu
  • Home
  • Europe
  • United Kingdom
  • World
  • Politics
  • Business
  • Culture
  • Health
  • Sports
  • Tech
  • Travel
Trending

Woman fractured skull before ex ‘strangled her to death in luxury Surrey hotel’

July 18, 2025

Essex students killed after drink-driver lost control doing 90mph in 30mph zone

July 18, 2025

Ex-Lioness Eni Aluko ‘did a lot to try and apologise’ to Ian Wright privately

July 18, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram YouTube
Se Connecter
July 18, 2025
Euro News Source
Live Markets Newsletter
  • Home
  • Europe
  • United Kingdom
  • World
  • Politics
  • Business
  • Culture
  • Health
  • Sports
  • Tech
  • Travel
Euro News Source
Home»Business
Business

Hermès leaves wealthy clients to pay for cost of Trump tariffs

News RoomBy News RoomApril 17, 2025
Facebook Twitter WhatsApp Copy Link Pinterest LinkedIn Tumblr Email Telegram

Hermès, a luxury sewageANGE brand, has revealed Tuesday that it will raise prices in the US by 10% effective from May 1 to cover the US’ 10% tariffs on EU goods. The company is expected to help protect its margins and partially compensate for the higher import costs. However, Hermès hasn’t denied the impact of the tariffs, as its global financial health hasn’t been invalidated yet. Despite these price hikes, Hermès’ first-quarter sales growth in the US is expected to rise to 8.6% year-over-year, compared to 7.2% for other countries. The company’s开幕ing of price increases in other markets comes at the hands of other luxury companies, some of which could startイル or pivot their guidance to avoid losses. Hermès is expected to continue its aggressive pricing strategy, with prices rising as part of yearly adjustments. The rise in pricing has led global prices to rise by roughly 6% to 7%, particularly in the luxury market. The United States is now seeing a slowdown in its economy, putting pressure on luxury brands globally, including companies like LVMH, Kering, Chanel, and Prada, which will face tougher competition with the tariffs and higher trade tensions.

February 25, 2023

Hermès emerges from a quiet Tuesday with a bold announcement. The brand’s first-quarter results Tuesday morning showed业绩=”${“).rendsuprx” software and information)). Adaptations to trade tensions have led several luxury fashion companies to cut costs or pass on expenses. Feb 25, 2023

Hermès has taken down faster than expected, as luxury fashion giant Hermès reported slower-than-expected sales growth in the first quarter of 2025. The company recorded total revenue of €41.3 billion, up 7.2% year-over-year, and fell short of global expectations for an 8% increase. Europe’s sales, excluding France, grew 13%, whereasrx” software and information)). Adaptations to trade tensions have led several luxury fashion companies to cut costs or pass on expenses. Feb 25, 2023

Hermès has taken down faster than expected, as luxury fashion giant Hermès reported slower-than-expected sales growth in the first quarter of 2025. The company recorded total revenue of €41.3 billion, up 7.2% year-over-year, and fell short of global expectations for an 8% increase.

Share. Facebook Twitter Pinterest LinkedIn Telegram WhatsApp Email

Keep Reading

Win for the crypto industry: US passed the first major bill to regulate digital assets

Business July 18, 2025

Is Europe losing the AI race? Magnificent Seven widen gap over Europe’s giants

Business July 18, 2025

Trump’s tariff pressure pushes Asia toward US LNG deals, but at what cost?

Business July 18, 2025

Bitcoin bubble? How much more is it expected to rise in 2025?

Business July 18, 2025

Retaliatory tariffs: Which EU countries could be impacted the most?

Business July 17, 2025

ASML sees share price drop as Trump’s tariffs darken outlook

Business July 16, 2025

French PM Bayrou proposes slashing two public holidays to reduce national deficit

Business July 16, 2025

Trump’s 30% tariffs threaten to burst Europe’s bullish trade

Business July 16, 2025

Time for EU to put its gun on the table in US tariff spat, says ex-trade chief

Business July 16, 2025

Editors Picks

Essex students killed after drink-driver lost control doing 90mph in 30mph zone

July 18, 2025

Ex-Lioness Eni Aluko ‘did a lot to try and apologise’ to Ian Wright privately

July 18, 2025

Over a thousand flock to Swingathon as village hosts UK’s biggest taboo festival

July 18, 2025

At least three killed in explosion at Los Angeles training facility for sheriffs

July 18, 2025

Latest News

Belgium’s Tomorrowland festival opens after massive fire destroyed main stage

July 18, 2025

BREAKING: Epping protest: Cops break silence on claims police van drove into protester

July 18, 2025

Trinidad and Tobago imposes state of emergency after prison plot to kill officials uncovered

July 18, 2025

Subscribe to News

Get the latest Europe and World news and updates directly to your inbox.

Facebook X (Twitter) Pinterest Instagram
2025 © Euro News Source. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?