Hermes Surpasses €200 Billion EUR in Market Value To Become Second-Most Valuable Luxury Brand

Hermes International's market value has officially surpassed the €200 billion EUR mark for the first time in history.According to reports, the French luxury design house overtook Swiss drugmaker Novartis AG as the eight-most valuable company on the STOXX Europe 600 index. In addition, Hermes International is now the second-most valuable luxury brand behind LVMH Moet Hennessy Louis Vuitton SE's market value of €420 billion EUR -- which this week increased the net worth of founder Bernard Arna...