LVMH became Europe’s first company to exceed a US$500 billion market capitalization in 2023.
LVMH crossed the US$500 billion threshold in April 2023 as investors responded to strong demand for luxury goods. The milestone made the French group the first European company to reach that valuation, placing it alongside the world’s largest publicly traded businesses.
LVMH is the parent group behind a large portfolio of luxury brands, including Louis Vuitton, Dior, Moët & Chandon, Hennessy, Bulgari, and Tiffany & Co. Its name combines the initials of Louis Vuitton and Moët Hennessy, following the 1987 merger that created the group.
LVMH is not the same company as Louis Vuitton: Louis Vuitton is one brand within the wider group. Market capitalization also changes daily with share prices, so the exact ranking can move after a company crosses a milestone. The 2023 achievement referred to the group’s listed equity value, not the combined retail value of its individual brands.