Logos of the Louis Vuitton brand are seen outside a Louis Vuitton store in Bordeaux October 4, 2016. — Reuters picPARIS, Feb 10 — French luxury goods group LVMH is now the biggest company on European stock markets, ahead of Swiss food giant Nestle, owing to resilient Asian sales last year, data showed today.
LVMH is comprised 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.LVMH shares were pummelled in February and March 2020 when the coronavirus pandemic hit, but by early November they had bounced back, and finished the year with a gain of almost 24 per cent at €510.90.
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