LVMH became the first luxury-goods business valued at more than $300 billion.
LVMH passed the $300 billion market-capitalization mark in April 2023 as demand for luxury products supported its share price. The milestone made the group one of Europe’s most valuable listed companies and highlighted the financial scale of premium consumer brands.
The company was created in 1987 through the merger of Moët Hennessy and Louis Vuitton. Its portfolio includes fashion, leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.
LVMH is a conglomerate rather than a single fashion label. Its best-known brands include Louis Vuitton, Dior, Tiffany & Co., Bulgari, Moët & Chandon, and Hennessy. Market capitalization measures the value investors assign to the entire listed group, not the sales of any one brand.