Luxury fashion house Hermès International, galvanized by a 46% jump in net profit and a record operating margin, emphatically asserted its independence and rejected the shareholding presence of rival LVMH Möet Hennessy Louis Vuitton SA. LVMH is an “undesired and undesirable shareholder,” Hermès Chief Executive Patrick Thomas said at a meeting on the company’s results. – read more from WSJ