Hermès Dethrones LVMH as World's Most Valuable Luxury Company

Hermès is officially the most valuable luxury stock in the world. Following missed sales by fellow French luxury brand LVMH, which saw its shares plummet 7.8% in an unexpected decline in the first quarter, rival Hermès rises to the top. Dethroning LVMH, Hermès is now the world's most luxury company with the brand having a market cap of $276.3 billion USD. It surpasses LVMH Möet Hennessy Louis Vuitton SE's valuation of $274.5 billion USD. According to Bloomberg, the numbers place Hermès in t...