Hermès (RMS), the European luxury brand, reported Q3 revenue growth of 4.3% to €4.1bn at constant exchange rates, below expectations for 5.2% growth. Leather goods sales rose 10.8%, while clothing and accessories declined 2%, reflecting weaker demand in China. Japan grew 9.6%, Europe excluding France increased 9.5%, and the Americas advanced 8.8%. Management maintained its medium term revenue growth outlook. Shares fell 5% in Paris.