Hermès announced a price increase for American customers to offset US tariffs on EU goods, effective May 1. Despite not being impacted financially yet, the company experienced a slowdown in revenue growth, with a 7.2% increase in Q1 2025 compared to 18% the previous year. The luxury sector faces challenges due to escalating trade tensions, affecting firms like LVMH and Chanel. While leather goods sales grew, watch sales declined by 10%. Hermès plans to expand production facilities and remains committed to quality and creativity. Teljes cikk (Euronews.com)