LVMH Smashes Another European Record
Luxury goods giant LVMH is the first European company to surpass $500 billion in market value. 💰
The parent company’s brands include Louis Vuitton, Moet & Chandon, Hennessy, Givenchy, Bulgari, and Sephora. And its 17% rise in first-quarter sales more than doubled analyst estimates. That, plus a profit from recurring operations of 21.1 billion euros, marked its second consecutive year of record results. 📈