The case of Hermès

How LVMH got dethroned

Apr 21, 2025

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Hermès is the world’s most valuable luxury company.

On April 15th, the brand overtook LVMH as Europe’s largest in terms of market capitalization (€247BN vs €246BN). “In a complex geopolitical and economic context, the house is strengthening its fundamentals more than ever,” Axel Dumas, Hermès CEO, remarked in a statement.

These fundamentals are:

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