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LVMH Market Cap Soars to €265 Billion, Tops Nestle as Highest Valued Company on Europe Stock – International Supermarket News


Luxury conglomerate LVMH is among the key beneficiaries of investor optimism. According to the research data analyzed and published by Finaria, the group’s market value stood at €264.55 billion as of February 26, 2021.
Trading at around €531, its shares had surged 40.64% over the previous year and by 9.94% over the past three months. Its new market value placed it ahead of Nestle, whose market capitalization at the time was CHF 267.57 billion (€242 billion).
LVMH, which is the largest luxury group globally, is therefore the highest valued company on the European stock exchange. Between April 2020 and mid-February 2021, the group’s stock rose by an impressive 65.4% according to HH Journal. ....

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