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Hermes Becomes Latest Victim of Casual Dress as Men Shed Ties

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Hermes International has become the latest fashion industry victim of men’s casual dress, signaling weakness in its silk business as neckties lose their allure. Revenue from silk and textiles rose 3 percent in 2018, the slowest growth of the French luxury-goods maker’s business units. Chief Executive Officer Axel Dumas said Wednesday the company has been…

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