Hermes Overtakes LVMH As World’s Most Valuable Luxury Group
The disappointing performance came before President Donald Trump’s April 2 “Liberation Day”, which included 10 percent tariffs on global imports. French group Hermes overtook LVMH as the world’s most valuable luxury company on Tuesday after shares in the Louis Vuitton maker tumbled following weaker-than-expected quarterly sales. The market capitalisation of Hermes reached 248.6 billion euros…