Columnist: Yu Yan, CFA (Founder and Chief Analyst of LuxeCo)
If I ask you: LVMH and Hermès, who has more money?
I believe you would answer without hesitation: LVMH — obviously, as the world's largest luxury group, LVMH is far ahead of Hermès in terms of number of brands (75 including Louis Vuitton, Dior, Tiffany, etc.), annual sales (€86.15 billion in fiscal 2023), and market capitalization (€424.7 billion as of February 23, 2024).
In addition to its flagship brand Hermès, the Hermès group typically lists only three others in its financial reports: shoe brand John Lobb, crystal brand …
