LVMH Becomes First European Company to Reach $500 Billion in Market Value
- last year
LVMH Becomes First European Company , to Reach $500 Billion in Market Value.
'The Guardian' reports that shares
in the French luxury goods company
closed up 90 euro cents on April 24.
LVMH, which boasts high-end brands like
Louis Vuitton, Christian Dior, Bulgari and more, .
reached a market capitalization of
half a trillion dollars as a result.
'The Guardian' reports that LVMH exceeded analysts' expectations with a 17% increase in Q1 sales.
Last year, the company achieved record sales and has since begun a share buyback program. .
Its shares have skyrocketed 30% so far
in 2023, making it one of the world's
10 most valuable listed companies.
As a result, Bernard Arnault's stake in the company sits at $212 billion, solidifying his place as the richest person in the world.
Elon Musk is currently the second-richest person
in the world, $47 billion behind Arnault. .
'The Guardian' reports that other luxury companies
such as Hermès, Kering and Burberry have experienced
an increase in sales and share prices as well.
'The Guardian' reports that other luxury companies
such as Hermès, Kering and Burberry have experienced
an increase in sales and share prices as well
'The Guardian' reports that shares
in the French luxury goods company
closed up 90 euro cents on April 24.
LVMH, which boasts high-end brands like
Louis Vuitton, Christian Dior, Bulgari and more, .
reached a market capitalization of
half a trillion dollars as a result.
'The Guardian' reports that LVMH exceeded analysts' expectations with a 17% increase in Q1 sales.
Last year, the company achieved record sales and has since begun a share buyback program. .
Its shares have skyrocketed 30% so far
in 2023, making it one of the world's
10 most valuable listed companies.
As a result, Bernard Arnault's stake in the company sits at $212 billion, solidifying his place as the richest person in the world.
Elon Musk is currently the second-richest person
in the world, $47 billion behind Arnault. .
'The Guardian' reports that other luxury companies
such as Hermès, Kering and Burberry have experienced
an increase in sales and share prices as well.
'The Guardian' reports that other luxury companies
such as Hermès, Kering and Burberry have experienced
an increase in sales and share prices as well