Shares, which slid as much as 4.2%, pared most of the losses to trade down 0.9% at 11:34 a.m. in Paris. Listen to the Here’s Why podcast on Apple, Spotify oranywhere you listen.

A customer carries merchandise from a Hermes store on February 14, 2025 in Chicago, Illinois. Hermes, a Paris-based company, reported strong fourth-quarter sales for 2024. Scott Olson/Getty Images ...

What is it? Why, it's the Chinese luxury goods conspiracy, Charlie Brown! If you don't already know what we're talking about, the videos in question feature a pretty standard format: ...