Hermès surpassed LVMH's valuation on Tuesday after Bernard Arnault's company reported disappointing sales. The 3% decline in first-quarter sales compared with a 2% rise forecast by analysts.

Hermes has surpassed LVMH as Europe's largest luxury company by market capitalization, fueled by disappointing first-quarter revenue for LVMH due to weakened sales in the U.S. and China.

A one-sentence statement served as the notice that Mr. Anderson, who reimagined LVMH’s Loewe brand, would lead men’s wear design at Dior. By Jacob Gallagher On Thursday, one of the worst-kept ...

More than $9 billion was wiped from French billionaire Bernard Arnault’s fortune Tuesday morning after shares of his luxury goods conglomerate LVMH slumped by more than 7% following an ...

Kevin Carter / Getty Images Shares of French luxury conglomerate LVMH sank Tuesday after the company reported a decline in sales. The Louis Vuitton parent company was overtaken by Hermès as the ...

Paris: LVMH lost its position on Tuesday as Europe's largest luxury company in terms of market capitalization after being overtaken by rival Hermes due to investor pessimism after disappointing ...

LVMH shares sank 7.8% a day after the group reported a 2% drop in Q1 sales to 20.3b euros French group Hermes overtook LVMH as the world's most valuable luxury company on Tuesday after shares in ...

Pam Danziger reports on retail, focused on the luxury consumer market. LVMH first-quarter organic revenue fell 3% to $23 billion, missing estimates and sending shares tumbling 8%. Its drop is ...

LVMH is considering moving more of its manufacturing into the US to mitigate tariff risks. The group's CFO said it was looking into shifting manufacturing for Louis Vuitton and Tiffany & Co. If ...

LVMH, the Paris-based luxury giant, reported €20.3 billion ($23 billion) in revenue in Q1 2025, down 3% year over year. The figures slipped short of the 2% growth forecasted by Visible Alpha ...

By Liz Alderman Reporting from the LVMH annual shareholders meeting in Paris’s Louvre Museum For Bernard Arnault, France’s richest man and head of the LVMH Moët Hennessy Louis Vuitton luxury ...