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Fortune
Fortune
Prarthana Prakash

Hermès leapfrogs LVMH to become Europe's most valuable luxury company after the Louis Vuitton owner reported downbeat results

Hermès LVMH Louis Vuitton Luxury Axel Dumas Europe Bernard Arnault United States Birkin
Karin Teigl seen wearing Loewe blue sunglasses, Louis Vuitton dark blue denim logo print pattern jacket, gold / silver jewelry, Saint Laurent black cotton shirt, Zara black fabric long skirt, Louis Vuitton black / white leather loafer, Hermès light green leather Kelly bag with a (Credit: Jeremy Moeller—Getty Images)

Hermès overtook rival luxury purveyor LVMH after the Bernard Arnault-run company reported a lackluster start to 2025 with a drop in sales. 

Hermès’ market capitalization eclipsed LVMH’s on Tuesday morning by around €210 million, making the Birkin bag maker the most valuable luxury company in Europe, and on France’s CAC40 index.

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