Moët Hennessy Louis Vuitton (LVMH) was the leading company in France by market capitalization as of March 2024, with a valuation of approximately 457.4 billion U.S. dollars. Hermès and L'Oréal followed, with market capitalizations of 262.6 billion and 258.1 billion U.S. dollars, respectively.
Luxury goods market in France
France is globally renowned for its rich history and numerous high-end fashion brands in the luxury goods market. For example, Chanel was among the world’s most recognized luxury brands in 2022, among other French brands such as Louis Vuitton, Dior, and Hermes. Moreover, France ranks among the biggest five markets for luxury goods in the world, and the sector’s revenue in the country is expected to exceed 20 billion U.S. dollars by 2025.
LVMH: the world’s leading luxury company
LVMH is a French luxury goods conglomerate operating across various sectors, including fashion and leather goods, perfumes and cosmetics, jewelry and watches, and wines and spirits. As the largest French company in the world, LVMH group's total revenue was over 79 billion euros in 2022. Almost half of the revenue came from their business in the fashion and leather segment, which amounted to 38.6 billion euros in 2022.
