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.