LVMH, Kering and Hermes Luxury Make France New Stock Market Winner

The French luxury goods industry has long been a powerhouse of the global economy, and the success of the country’s biggest players—LVMH, Kering, and Hermes—has made France a new stock market winner.

LVMH, the world’s largest luxury goods company, has seen its share price skyrocket in recent years, more than doubling since the beginning of 2017. The company has been buoyed by strong growth in its core markets, including the United States, China, and Japan, as well as increased demand for its iconic brands, such as Louis Vuitton and Moët & Chandon.

Kering, the second-largest luxury goods company in France, has also seen its share price increase substantially in recent years, with a nearly 80% rise since the start of 2017. The company has benefited from strong growth in its core markets, particularly in China and the United States, as well as the success of its iconic brands, such as Gucci and Yves Saint Laurent.

Hermes, the third-largest luxury goods company in France, has also seen its share price increase substantially in recent years, with a nearly 70% rise since the start of 2017. The company has benefited from increased demand for its iconic brands, such as Birkin and Kelly, as well as strong growth in its core markets, including China and the United States.

Overall, the success of these three French luxury goods companies has made France a new stock market winner. The strong performance of these companies has helped to bolster the French economy and has made the country a more attractive place to invest. This trend is likely to continue in the future, as the global demand for luxury goods continues to grow.