Hermès' recently reopened its store in the Swiss-Italian town of Lugano. Switzerland now is under lockdown as part of COVID-19 prevention measures. Image credit: Hermès
French luxury conglomerate Hermès, hit by COVID-19 lockdowns worldwide, posted revenue first-quarter revenue of $1.62 billion, a 6.5 percent decrease at current exchange rates and a 7.7 percent drop at constant exchange rates.