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Lvmh, market capitalization Ceded the title as the most valuable luxury company in Tuesday, and fell under the rival Hermes.
Market capitalization LvmhLouis Vuitton, Dom Perignon, Givenchy, Tiffany & Co. And it is known for brands such as TIFSANY Heuer, around 244.1 billion euros, which is lower than 248.1 billion euros, 1,44.1 billion euros in Euro.
Lvmh CEO Bernard Arnault, on May 23, 2024 in Paris Porte de Versoles Porte De Versailles participates in the Viva Technology Show. (Chesnot / Getty Images / Getty Images)
Hermes in existing market lids became the most valuable luxury company in the world. Birkin is known for other luxury goods such as bags and clothing, scarves, shoes, jewelry and belts.
Hermes location in Paris. (Via Benjamin Girette / Bloomberg Getty Images / Getty Images)
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The change between the two luxury giants has released income information in the first quarter of the year after LMVH on Monday. The company records 20.3 billion euros in the first quarter and a year of 3% organic reduction in the year.
The results that did not meet the expectations of analyst, asked for a drop in LVMH shares.
On Tuesday, the segment of Lvmh, Fashion and Leather Goods, the segment of fashion and leather goods in the first quarter, it is a 5% annual discount on the 5% annual discount on the income. His wine and spirits, 1.3 billion euros, 9% reduction in profit, hours and jewelry were mainly unchanged and other segments and cosmetics and cosmetics and cosmetics and Selection Retail – Both were 1% organic in the first quarter of 2024.
Hermes Birkin bag and price tag why is so high
“Europe once again achieved the growth of a permanent consolidation and the currency,” said Lvmh, press release. “Despite a good performance in fashion and leather and leather things and hours, in the first quarter of 2024, the current in the country in 2024, the first quarter of 2024 saw a little reduction in the first quarter.”
A Tiffany & Co. in New York City. the store. Tiffany belongs to LVMH. (Bing Guan / Bloomberg / Getty Images)
The luxury giant “cut” and confidently “and confidently” in the beginning of the year, “he said” Geopolitical and economic environment.
