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LVMH now the largest company on European stock market

17 days ago   |   By Fashion United

French luxury goods group LVMH has overtaken Swiss food giant Nestle to become the biggest company on Europe's stock market, owing to resilient Asian sales last year, data showed Wednesday.
LVMH's market capitalisation reached 271 billion euros in midday trading, putting it ahead of Nestle's 265 billion.
LVMH is composed of the leather goods maker Louis Vuitton and champagne and spirits group Moet-Hennessy, but it also owns brands such as Kenzo,
Guerlain, Fendi, Celine, Chaumet, Sephora and Bulgari.
It's most recent high-profile acquisition is the US jeweller Tiffany.
LVMH shares were...
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