© Reuters. A logo of LVMH is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier
MILAN (Reuters) – Shares in LVMH rose to a fresh record high on Tuesday, pushing the luxury good group’s market cap above 400 billion euros for the first time ever.
Like other luxury companies which are heavily exposed to China, LVMH has benefited this year from the fast reopening of the world’s No. 2 economy.
By 0818 GMT the shares were down 0.15% after earlier rising by 0.38% to a fresh lifetime high of 795.7 euros.
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