LVMH became Europe’s first company to reach a $500 billion market capitalization in 2023.
LVMH crossed the milestone in April 2023, helped by strong demand for luxury goods and rising investor confidence in the group’s international brands. The company is formally named LVMH Moët Hennessy Louis Vuitton.
Its portfolio spans fashion and leather goods, perfumes and cosmetics, wines and spirits, watches and jewelry, and selective retailing. Brands associated with the group include Louis Vuitton, Dior, Bulgari, Tiffany & Co., Moët & Chandon, and Sephora.
The valuation milestone concerned the publicly traded parent group, not Louis Vuitton alone. LVMH was created in 1987 through the merger of Moët Hennessy and Louis Vuitton, combining luxury categories under one corporate structure.