May 4, 2025

lvmh

Birkin Power: Hermès dethrones former suitor LVMH as France’s most-valuable company | Stock Market News

Birkin Power: Hermès dethrones former suitor LVMH as France’s most-valuable company | Stock Market News

TheSpuzz Desk06 mins

Source: Live Mint Hermès’s market capitalization surpassed that of rival LVMH, the conglomerate which tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Hermès International SCA’s valuation reached €243.65 billion ($276.3 billion) on Tuesday, briefly crossing the €243.44 billion of LVMH…

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LVHM crashes 7.5% in worst plunge since COVID-19 over China’s luxury spending slowdown, stock down 21% YTD | Stock Market News

LVHM crashes 7.5% in worst plunge since COVID-19 over China’s luxury spending slowdown, stock down 21% YTD | Stock Market News

TheSpuzz Desk04 mins

Source: Live Mint (Bloomberg)- LVMH shares plunged after sales of fashion and leather goods fell for the first time since the pandemic, revealing the scale of the slump in demand from once insatiable Chinese consumers. Organic revenue at the key unit whose brands include Louis Vuitton and Christian Dior declined 5% in the third quarter….

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