HermesInternational SCA slipped 2.1 percent after familyshareholders stepped up their defense against a possible takeover by LVMH Moet Hennessy Louis VuittonSA.
Unfortunately, top competitors PPR SA, the Gucci parent, and LVMHMoetHennessyLouisVuitton all recently reported lackluster China sales, and European shoppers remain squeezed by weak wages and deep economic uncertainty.