A Birkin handbag in the window display of a Hermes luxury boutique in Paris, France, on Tuesday, April 15, 2025. Photographer: Nathan Laine/Bloomberg
PARIS: France's Hermes will fully shift the burden of tariffs in the United States to its wealthy clientele, the company said on Thursday, as it posted first-quarter sales that slightly missed market expectations in a rare show of weakness.
Hermes's first-quarter sales were dragged down by a continued lull in China, but were still better than peers.
