---
title: "Hermes shares dive as sales and Chinese weakness disappoint"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294238078.md"
description: "Hermes shares plunged 11% to a 15-year low, wiping out €19.7 billion in market value, after the luxury group reported that sales growth in China, its largest market, has not yet rebounded despite second-quarter results meeting expectations."
datetime: "2026-07-29T17:14:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294238078.md)
  - [en](https://longbridge.com/en/news/294238078.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294238078.md)
---

# Hermes shares dive as sales and Chinese weakness disappoint

By Dominique Patton PARIS, July 29 (Reuters) - Hermes shares sank 11% on Wednesday after the Birkin bag maker posted second-quarter sales growth in line with expectations but said buying in China, its biggest market, had yet to rebound. Shares in the French luxury group closed at €1,509 ($1,717.39), their worst day in more than 15 years, cutting €19.7 billion off the company's market

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