Hermès overtakes LVMH as most world's valuable luxury group - RetailDetail EU

Hermès overtakes LVMH as most world's valuable luxury group - RetailDetail EU

Hermès has dethroned LVMH as the world’s largest luxury group in terms of market value. LVMH is much larger in terms of turnover, but investors see more future in Hermès, which raised its turnover by 7 % while other luxury giants suffered. Exclusive is better Hermès increased its turnover by 7.2 % year-on-year (at constant exchange rates) to 4.13 billion euros in the first quarter of 2025. While that is a significantly slower than the 18 % growt…

Hermès, a French luxury goods company that this week snatched from LVMH the world crown for market capitalization of the sector, continues to break barriers after closing a good quarter despite the crisis that affects the industry due to the braking in China and the economic uncertainty, now aggravated by the tariff war. Read