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Choo Yut Shing
On April 15, its shares dropped by 7.8 percent, whereas Hermès, known for its Birkin and Kelly handbags, grew by 0.2 percent, according to CNBC.
CNBC's analysis using FactSet information estimated LVMH's market cap to be €244.1 billion ($275.4 billion) and Hermès at €246.4 billion ($277.99 billion) following noon on April 15. Since 2021, LVMH has held the title of the most valuable company in Europe for multiple years.
By the close of 2023, Danish pharmaceutical firm Novo Nordisk (producer of weight-loss medications Ozempic and Wegovy) temporarily surpassed LVMH, and in March 2025, German software corporation SAP surpassed the pharmaceutical firm.
Reports indicated that LVMH's revenue from wine and spirits dropped 9% in the first quarter because of decreased cognac demand. The key segment of apparel and leather goods, responsible for 78% of profits in 2024, declined by 5%.
source: cnbc.com
CNBC's analysis using FactSet information estimated LVMH's market cap to be €244.1 billion ($275.4 billion) and Hermès at €246.4 billion ($277.99 billion) following noon on April 15. Since 2021, LVMH has held the title of the most valuable company in Europe for multiple years.
By the close of 2023, Danish pharmaceutical firm Novo Nordisk (producer of weight-loss medications Ozempic and Wegovy) temporarily surpassed LVMH, and in March 2025, German software corporation SAP surpassed the pharmaceutical firm.
Reports indicated that LVMH's revenue from wine and spirits dropped 9% in the first quarter because of decreased cognac demand. The key segment of apparel and leather goods, responsible for 78% of profits in 2024, declined by 5%.
source: cnbc.com
