Hermes’s market cap at $276.3 billion surpassed that of rival LVMH Moet Hennessy Louis Vuitton, the conglomerate which tried to buy the maker of the Birkin bag 15 years ago. The reversal comes after LVMH fell 8% following disappointing results on slowing demand in China and the US amid an escalating trade war.
More Stories
Easter supermarket opening times 2025 for Tesco, Asda, Aldi, Sainsbury’s and more
Pharmaceuticals are the next Trump tariff battleground – what will they mean for the NHS?
ITC to acquire 24 Mantra Organic brand for Rs 472.5 crore