This performance is notably due to the growing demand for luxury products in China, but also to the good shape of the euro against the dollar. This new milestone comes as the company reached the top ten of the largest market capitalizations in the world two weeks ago.
Bernard Arnault, CEO of the company, is also the richest man in the world, according to the annual Forbes ranking for 2023 published in early April. The businessman would have a fortune estimated at 211 billion dollars. He thus dethroned other big names in the business world such as Tesla boss Elon Musk and Amazon founder Jeff Bezos.
The LVMH group owns 75 brands from the world of fashion, jewelry, cosmetics, and also wines and spirits.
2023-04-24 12:18:48
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