(BFM Stock Exchange) – The luxury number one has returned this short head on Thursday evening in front of the Sellier -Maroquiner as the first capitalization of the Paris Stock Exchange.
The French luxury giant LVMH, who had been taken away Tuesday his place in the first capitalization capitalization of the CAC 40, but also of the most valued luxury company in the world, is barely ironed on Thursday in front of his competitor, Hermès.
The valuation of Hermès reached around 241.44 billion euros Thursday at the end of the Paris Stock Exchange, against 242.87 billion euros for LVMH.
Tuesday, at the fence of the scholarship, Hermès had delighted the head of the CAC 40 to his rival LVMH, as well as the place of the third European market capitalization just behind the German software publisher SAP and the Danish pharmaceutical giant Novo Nordisk.
The group known for its Birkin bags and silk squares had also become the most valued luxury society in the world.
LVMH finds his crown
A short -lived reversal: Thursday, LVMH, the world’s number one in the sector in terms of turnover, found its throne.
Hermès (-3.22% to 2,287 euros) slipped on the stock market after announcing on Thursday an increase in its prices in the United States to compensate for the 10% customs duties imposed by Donald Trump, in parallel with the publication of results in the first quarter below market expectations.
LVMH’s action stabilized Thursday (+0.08% to 485.60 euros per share), the day after a net decline of 7.82%, after the announcement on Tuesday evening of a 2% drop in sales in the first quarter, deemed disappointing by analysts.
“The year 2025 begins in a slightly heckled way, if you can say,” commented the CEO of the Bernard Arnault group on Thursday, during the general meeting of LVMH shareholders.
Bernard Arnault, whose group produces 25% of its sales in the United States, called on European leaders to settle “amicably” the trade tensions between the European Union and the United States, even saying “favorable” to “a free trade area” between the two economic powers.
(With AFP)
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