June 17, 2024
LVMH is first European company to hit a $500 billion market cap.

LVMH is first European company to hit a $500 billion market cap.

A record share price for LVMH FR:MC alongside a strengthening euro pushed the luxury goods company to a market capitalization of $500 billion on Monday, the first European company to reach that landmark.

LVMH stock touched a fresh high of €904.60, valuing the group at €454.2 billion. With the euro EURUSD at one point edging up to $1.1020, this equated to $500.5 billion.

The…

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