Bloomberg Hermes International shares fell the most in five years after the French luxury-goods maker reported lower revenue from its key leather-goods division as it failed to keep up with demand for products like $9,000 Birkin bags. The stock dropped as much as 8.4%, having lost more than a quarter of its value since setting a record late last …

  Bloomberg IndiGo co-founder Rakesh Gangwal resigned from the company’s board and plans to pare his stake over five years, according to a statement by the airline. Earlier this month, Rahul Bhatia, the billionaire co-founder of IndiGo, took on a newly-created executive position of managing director at the company. Gangwal had accused Bhatia of corporate governance lapses. The founders were …

Bloomberg The wealthy Long Island resort of East Hampton is delaying the planned closing of its airport until May 17 after the Federal Aviation Administration (FAA) warned of flaws in the New York town’s efforts to reduce noise from air traffic. The town’s board had voted last month to shut the airport at the end of February and reopen it …