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Posted by
Two Blokes May 18, 2025 -
Filed in
Stock
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7 views
Hermes stands out in luxury, maintaining growth and resilience, while peers like LVMH and Kering struggle with revenue declines. The brand's scarcity strategy, limited non-Asia exposure, and iconic products shield it from sector-wide slowdowns. Hermes trades at a premium 53x multiple, but slowing growth and margin pressure raise risk of multiple contraction.
