LVMH becomes first European company to reach a $500bn valuation
LVMH, the French luxury goods group behind Louis Vuitton and Moët & Chandon champagne, has become the first European company to hit a $500bn (£400bn) market value thanks to booming demand among the rich for its high-end brands. Shares in LVMH closed up 90 euro cents (0.1%) to €902.00 (£798.30) on…
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