LVMH became Europe’s first publicly traded company valued above $500 billion in 2023.
LVMH crossed the $500 billion market-capitalization threshold in April 2023 as luxury-goods shares benefited from strong demand, especially in the United States and China. The milestone made LVMH the highest-valued European listed company at that time.
LVMH is the parent group behind brands including Louis Vuitton, Dior, Moët & Chandon, Hennessy, Bulgari, and Tiffany & Co. Its portfolio spans fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.
The group’s name is formed from Louis Vuitton and Moët Hennessy, which merged in 1987. LVMH is often confused with L’Oréal because both are major French luxury-related businesses, but L’Oréal focuses primarily on beauty and cosmetics while LVMH owns a much broader collection of brands.