Luxus-Aktie: LVMH verliert Platz als wertvollstes Unternehmen Frankreichs

Düsseldorf - The French luxury group LVMH has lost its title as the most valuable listed company in France, falling behind cosmetic giant L'Oréal on Tuesday. With a valuation of approximately €231 billion, LVMH now trails behind the group, which includes fashion brand Louis Vuitton, champagne house Moët, and Cognac brand Hennessy.

This marks the first time since 2017 that the company does not rank among the top ten most valuable firms on the stock exchange. Vincent Juvyns, CEO of ING's investment strategy, told Bloomberg, "Those who claim Europe is falling are wrong. Europe is not falling: LVMH tells us that the main driver of luxury growth is broken." The share price for LVMH exceeded €900 per share as recently as 2023, but today it is worth less than half of its value.

Demand for luxury goods has faltered in recent times, particularly in China, due to a slowdown in economic growth there. The Iran war has also dampened buying appetite in luxury transactions along the Persian Gulf. In addition, a trademark dispute involving Chinese brand Molly Tea, which claims Louis Vuitton's four-leaf symbol is too similar to its own logo, has further dampened consumer enthusiasm.

This has led to anticipated revenue losses due to the dispute. The value decline affects the Arnault family, who control the conglomerate, as Bernard Arnault, the head of the group, is no longer among the world's ten richest people. He was the only remaining European on the list, and now only American billionaires remain. Other luxury stocks have also suffered a significant loss in value.

Kering, the parent company of Chanel, is now worth about one-third of what it was valued at during the 2021 wedding season. The leather goods manufacturer Hermes' stock price has halved since its peak in 2025.