Hermès Slows to Its Weakest Growth Since 2020, Moncler Goes Flat, and Castore Talks to Anta and Li Ning
Thursday, October 22, 2026 · 8 min
Hermès missed third-quarter expectations as ready-to-wear and accessories shrank on weak Chinese demand, while Moncler's revenue was flat with Stone Island doing the lifting. Castore is in early sale talks with Anta Sports, Li Ning and US footwear brands, with no deal agreed.
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Hermès missed third-quarter expectations as ready-to-wear and accessories shrank on weak Chinese demand, while Moncler's revenue was flat with Stone Island doing the lifting. Castore is in early sale talks with Anta Sports, Li Ning and US footwear brands, with no deal agreed.
In this episode
- Hermes revenue growth slows as weak China demand hits accessories | live — live
“Sales at Hermes' leather goods division, which makes its famous Birkin and Kelly handbags, rose 10.8%, broadly in line with previous quarters. However, sales at the company's ready-to-wear and accessories division, accounting for over a quarter of quarterly sales, declined by 2%…”
- Moncler Reports Flat Q3 Revenue on Weak Tourist Spending in Europe | BoF — Reuters
“Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.”
- Castore in sale talks with Anta Sports and Li Ning as backers eye exit - TheIndustry.fashion — TheIndustry.fashion
“The company is reportedly in discussions to sell either a majority or minority holding in the company, or enter into a strategic partnership. So far, no agreement has been reached, and the two co-founders, Tom Beahon and his brother Phil, who founded the business in 2016, are…”