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المشهد العربي
Hermes shares fall on weak China sales
Hermès, the French luxury goods company, saw its stock drop by 8.51% to reach 1,241 euros. This decline was influenced by decreased consumer demand in the Chinese market during the third quarter, despite the company reporting an overall increase in total revenue. Finance Director Éric de Halgouète attributed the decline in sales in China to a drop in the number of visitors to their stores. The company continues to invest in the Chinese market to enhance performance. Additionally, security measures have been implemented within their Paris stores to address recent protests.
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