Hermès’s Market Value Hit $276.3 Billion, Surpassing LVMH

In the battle of luxury powerhouses, Hermès has come out on top—for now, at least.

The French fashion house’s market capitalization hit $276.3 billion (€243.65 billion) on Tuesday, surpassing LVMH Möet Hennessy Louis Vuitton SE’s valuation of $274.5 billion (€243.44 billion). That figure places Hermès in the No. 3 spot on the list of the largest listed companies in Europe, trailing behind software brand SAP SE and weight-loss drug supplier Novo Nordisk A/S, Bloomberg