LVMH Group’s Shares Price Hits Record High, Market Value Reaches 400 Billion euros for the First Time

1月 18, 2023

According to Reuters, French luxury goods giant LVMH Group shares rose to a fresh record high. As of the close of January 17, its stock price increased by 5.9% from the previous trading day to 797.4 euros, giving the luxury goods group a market capitalization of 400 billion euros ($434 billion) for the first time and cementing its lead as Europe’s most valuable company.
Like other luxury companies which have huge exposure to the China market, LVMH has benefited this year from the fast reopening of the world’s second-biggest economy. However, some analysts said further gain …