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Hermes overtakes LVMH as world’s most valuable luxury group

Hermes overtook LVMH as the world's most valuable luxury group. (AFP)
By TRENDS Desk AFP
April 15, 2025 10:22 pm
  • The market capitalization of Hermes reached 248.6 billion euros ($280.5 billion) at the close of trading in Paris, topping LVMH's 244.4 billion euros.
  • LVMH shares sank 7.8 percent a day after the group owned by Europe's wealthiest man, Bernard Arnault, reported a two percent drop in first-quarter sales to 20.3 billion euros.

Paris, France — French group Hermes overtook LVMH as the world’s most valuable luxury company on Tuesday after shares in the Louis Vuitton maker tumbled following weaker-than-expected quarterly sales.

The market capitalization of Hermes reached 248.6 billion euros ($280.5 billion) at the close of trading in Paris, topping LVMH’s 244.4 billion euros.

LVMH shares sank 7.8 percent a day after the group owned by Europe’s wealthiest man, Bernard Arnault, reported a two percent drop in first-quarter sales to 20.3 billion euros.

The producer of Louis Vuitton bags and Dom Perignon champagne reported a slight decline in US sales, where it generates a quarter of its revenue.

The disappointing performance came before President Donald Trump’s April 2 “Liberation Day”, which included 10 percent tariffs on global imports.

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