Hermès leapfrogs LVMH to become Europe’s most valuable luxury company after the Louis Vuitton owner reported downbeat results
Hermès overtook rival luxury purveyor LVMH after the Bernard Arnault-run company reported a lackluster start to 2025 with a drop in sales. Hermès’ market capitalization eclipsed LVMH’s on Tuesday morning by around €210 million, making the Birkin bag maker the most valuable luxury company in Europe, and on France’s CAC40 index. As of 11.30 a.m. … Read more
