LVMH Surpassed by Hermès as Most Valuable Luxury Brand as Sales Decline [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
The Louis Vuitton parent company was overtaken by Hermès as the world's most valuable luxury brand by market capitalization. LVMH's CFO said Monday that its "aspirational clientele" could be affected by the Trump administration's tariffs. Shares of French luxury conglomerate LVMH sank Tuesday after the company reported a decline in sales, and the Louis Vuitton parent lost its title as the world's most valuable luxury brand. With the stock's nearly 8% decline in Europe Tuesday, while luxury rival Hermès' ticked 0.2% higher, Hermès surpassed LVMH as the world's most valuable luxury brand by market capitalization Hermès has a market cap of around 246.4 billion euros ($280 billion), while LVMH's market cap is now just below that at 244.1 billion euros, according to CNBC, based on a calculation using FactSet data. LVMH shares have lost nearly a quarter of their value since the start of the year, while Hermès shares are up just over 1%. The parent company of Louis Vuitton, Tiffan
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