LVMH became Europe’s first company to surpass a $500 billion market capitalization in 2023.
LVMH crossed the $500 billion valuation threshold in April 2023 as its shares rose on strong sales and optimism about luxury demand, particularly in China and the United States. The milestone made the group the first European company to reach that approximate market value.
LVMH is the world’s largest luxury-goods company by revenue and includes more than 70 maisons. Its portfolio spans fashion, leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing. Louis Vuitton, Christian Dior, Moët & Chandon, Bulgari, and Tiffany & Co. are among its best-known brands.
LVMH stands for Moët Hennessy Louis Vuitton. The group was formed in 1987 through the merger of Moët Hennessy and Louis Vuitton. Its market capitalization is not the combined retail value of its brands; it is the market price of the listed parent company’s outstanding shares.