
LVMH becomes first European company to reach $500bn valuation.
The accomplishment comes less than two weeks after LVMH, propelled by a spike in first-quarter sales, entered the top ten corporations in the world.
Louis Vuitton, Mot & Chandon, Hennessy, Givenchy, Bulgari, the Dior fashion houses, Hennessy cognac, and the US jeweler Tiffany are just a few of the well-known companies that belong to LVMH.
Kaya Biz with Gugulethu Mfuphi spoke to Karl Gevers, Independent analyst about what this valuation means for the global luxury brand giant.
LISTEN TO THE FULL CONVERSATION HERE:
The company’s increasing value has increased the wealth of Bernard Arnault, the richest man in the world, who turned LVMH into a major global player through a series of acquisitions.
According to the Bloomberg Billionaires Index, he is worth close to $212 billion.
#LVPREFALL23
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Women’s Pre-Fall Show 2023. @TWNGhesquiere will be presenting his latest collection for #LouisVuitton in Seoul, South Korea. Watch the show live on Saturday, April 29th at 8pm KST on Twitter or at https://t.co/etid39ColY
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