LVMH tops European Stock Exchange as highest valued company

LVMH tops European Stock Exchange as highest valued company

THE WHAT? LVMH has seen its stock rise by some 65 percent over the last 10 months bringing its market value to €264.55 billion, placing it ahead of Nestle at €242 billion to become the European Stock Exchange’s highest valued company, according to a report published by Fibre2Fashion.com quoting research conducted by Finaria.

THE DETAILS Shares have risen some 10 percent in the last 3 months alone, Fibre2Fashion.com reports, and an impressive 40.64 percent yoy.

THE WHY? Despite a rocky 2020, the French luxury goods conglomerate saw sales bounce back in the final three months of the year thanks to a strong performance in Asia.

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