LVMH becomes first European company to reach $500bn valuation

Loading player...
GUEST – Karl Gevers, Independent analyst.

LVMH, the French luxury goods group behind Louis Vuitton and Moët & Chandon champagne, has become the first European company to hit a $500bn (£400bn) market value thanks to booming demand among the rich for its high-end brand.
25 Apr 2023 5PM English South Africa Business News · Investing

Other recent episodes

SA's role in annual World Economic Forum meeting in Davos

At the World Economic Forum (WEF) in Davos this week, South Africa is presenting a pipeline of investment-ready infrastructure projects aimed at attracting global capital and long-term partnerships.Is it still useful for South Africa to be there, or would the effort be better spent fixing problems back home? Chief Economist…
19 Jan 1PM 19 min

Careers Corner: Job Guide for 2026

Pnet has released its latest Job Market Trends Report, including the Pnet Job Guide for 2026, revealing where joand Customer success at Pnet. Paul Byrne, Head of Insights, Customers Success at Pnet.
19 Jan 1PM 19 min

EXPLAINER - Why some sports stars are worth more than companies.

An 18-year-old footballer valued at more than R6 billion has reignited a global debate: how do we really put a price on modern sports stars? Following a new long-term contract at Barcelona, teenage sensation Lamine Yamal has been named the world’s most valuable footballer — outranking established global icons and…
15 Jan 3PM 22 min