# Hermes International SCA disappointed with sales dipping by 5.9% in the region.

*business · news · 2026-04-16 · The Star*

## Key points

- Hermes saw Middle East sales drop 5.9%, causing a $20 billion loss in market value.
- Kering's retail revenue in the Middle East fell 11% during the first quarter of the year.
- LVMH reported that the Middle East war cut its group organic growth by about one percentage point.
- Breitling cut shipments to the Middle East due to reduced tourism and flight schedules.

**Companies:** LVMH Moet Hennessy Louis Vuitton SE, Kering, Hermes International SCA, Breitling AG
**Countries:** France, Switzerland, United Kingdom, United States

[Read the full story on The Star](https://www.thestar.com.my/lifestyle/style/2026/04/16/the-numbers-are-in-middle-east-war-drags-down-luxury-fashion-sales-worldwide)

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