LVMH is worth over 200 billion euros. This is the largest capitalisation in France, the fourth in Europe, the 34th in the world. The listing of one LVMH share has grown by 54% since the beginning of the year. And yesterday it went up to almost €400.
The value of trust
The growing confidence of the market and of investors is generated by a more than positive trend by LVMH. A trend that has exceeded forecasts, more cautious on the growth of the transalpine group due to the protests in Hong Kong and other global uncertainties. LVMH has demonstrated to overlook all the possible critical issues and to grow at a very fast pace that, investors bet, will last over time. “It’s just the beginning”, said Bernard Arnault, LVMH CEO, to the American magazine Forbes, revealing some kind of modesty in saying: “If you compare us with Microsoft (991 billion euros, ed), we are small”.
57 times as much
Even those “preliminary discussions” to take over Tiffany (with an initial offer of $120 per share) contributed to increasing the value of LVMH shares. Le Figaro recalls how, in May 2017, LVMH’s overall value was 116.7 billion euros. And, if we go back to the time when Bernard Arnault took control of the company (30 years ago), we need to multiply the initial value by 57 to get to the current one.