Europe’s first $500 billion company

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Added 1 year ago by XaniaNews

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For the first time, a European company has hit the half a trillion mark. Luxury goods group LVMH reached a market capitalisation of over $500 billion this week. The owner of brands including Louis Vuitton, Dior and Tiffany is riding a surge in luxury spending. The sector is seeing major growth in the US and among China's middle class in particular. LVMH has seen its share price increase tenfold over the past decade.

#luxury #europe #lvmh

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Category: News and politics
Tags: DW News, louis vuitton, lvmh

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