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Luxury giant becomes Europe’s first $500 billion-valued firm

april 24, 2023by Reacties uitgeschakeld voor Luxury giant becomes Europe’s first $500 billion-valued firm

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LVMH reported a 17% jump in sales in the first quarter of 2023

French luxury goods giant LVMH became the first European company to surpass $500 billion in market value on Monday due to a surge in its share price and a strengthening euro.

The luxury group, controlled by billionaire Bernard Arnault, reported a 17% increase in revenue in its first-quarter results earlier this month – more than

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