Hermes reopens most China stores though demand remains weak
INTERNATIONAL – Hermes International is seeing a “potential normalization” in China, though it’s too early to predict when the market will recover from the coronavirus outbreak that is hammering luxury spending, Chief Executive Officer Axel Dumas said.
The French luxury brand closed 11 stores in China earlier and has since reopened seven of those, he said on a call with journalists.
“It’s too soon to say things are going back to normal, but we are in a process of reopening,” Dumas said.
Source: iol.co.za