LVMH Group'S Market Capitalization Exceeds 200 Billion Euro Mark

At the close of the stock market in November 4th, the French luxury giant LVMH reached 397.5 euros per share, and its total market value broke through the 200 billion euro mark, replacing the pharmaceutical group Sanofi (Sanofi) and French Petroleum Companies Total (Total), becoming the highest listed French listed company.

As of the end of the day, the French luxury group Herm (s) had a market value of 68 billion 850 million euros, while the French luxury giant Kering (Kering) had a market value of 65 billion 560 million euros, and the market value of Compagnie Financiere Richemont S.A. was 37 billion 770 million euros.

　　 The increase in the market value of the LVMH group is closely related to its good performance in the third quarter and the recent decision to buy Tiffany& Co, a luxury jewelry brand in the US.

In October 9th, LVMH group released the key financial data in the third quarter of fiscal year 2019. Thanks to the business growth of fashion and leather goods sector, group net sales increased by 17% to 13 billion 300 million euros compared with the same period last year, an increase of 11% over the same period last year. The closing price of LVMH Paris exchange rose 5.77% to 375.95 euros per share in October 10th.

In October 27th, LVMH group reported the news of strengthening the jewellery business, expanding the US market and planning to acquire Tiffany. In October 28th, LVMH group confirmed the rumor. The group's offer to Tiffany is $120 per share, with a valuation of $14 billion 500 million for the latter.

In response, analysts at Bernstein Research said that if LVMH group wants to conclude the deal, it needs to continue to raise its offer. Tiffany also needs to make brilliant achievements in the second half of the fiscal year in order to have more bargaining chips.