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Hermes (RMS FP) CEO Dumas says we will keep rolling out our plans for China and are staying true to our strategy of expanding China business one city per year

Newsquawk Staff ·

Hermes (RMS FP) CEO Dumas says we will keep rolling out our plans for China and are staying true to our strategy of expanding China business one city per year.

What it means

Hermes' CEO reaffirmed the company's commitment to a gradual expansion strategy in China, focusing on one city per year. This approach underscores their long-term vision and suggests a balanced risk management strategy amid global economic uncertainties. The consistency in their expansion plans may be viewed favorably by investors, signaling confidence in China's market potential and brand positioning.

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