LVMH has reached a market value of 250 billion euros

Last Monday, LVMH broke an all-time record for the Paris Stock Exchange when it reached the largest capitalization of the French stock market. Between November of last year and 2020, in fact, LVMH's stock increased by 22% with a further jump of 17% in the last thirty days. The exchange price of the group's shares is currently around €496. Multiplying the number of shares by their market price, their total value is 250 billion euros, the highest capitalization in France after L'Oréal and the pharmaceutical company Sanofi. 

Compared to the Kering Group, whose capitalization is around 76.34 billion euros, the LVMH group led by Bernard Arnault immediately recovered from the economic problems caused by the lockdown. The turning point was in the third quarter of the year, during which the decline in revenues that was 21% was reabsorbed to only 7%, with a particular recovery of the fashion sector that, driven by Louis Vuitton and Dior, saw revenues rise by 12% and return substantially to the same values as the pre-lockdown.