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Hermès slump a sign of luxury’s wider woes in Iran war

By CityCalc Newsroom · Mon Apr 20 2026 · Source: AGBI

Luxury goods maker Hermès said the Iran war cut into its worldwide first-quarter growth, derailing a strong start to the year as temporary store closures and a slump in both inbound and outbound tourism weighed on sales. The conflict is affecting luxury groups through multiple c…

Luxury goods maker Hermès said the Iran war cut into its worldwide first-quarter growth, derailing a strong start to the year as temporary store closures and a slump in both inbound and outbound tourism weighed on sales. The conflict is affecting luxury groups through multiple c…

Curated by CityCalc from AGBI. Read the full article at the source.

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