In Europe, LVMH was the leading consumer goods company based on market capitalization, whose market cap reached 449 billion US dollars in March 31, 2024. 

Textile, cosmetics and luxury lift the European consumer goods landscape

Next to LVMH, Hermés is another luxury brand that ranks among the top five European companies in terms of market capitalization. The French luxury group had a market cap of 267 billion euros by the end of March 2024. Spain’s Inditex also performed highly in the market, reaching over 150 billion euros. Inditex’s global revenue soared in 2023.

LVMH deep dive

In April 2023, LVMH Group had become the first European company to exceed a market cap of 500 billion euros. Since then the market value of the company stabilized below that level, but the luxury conglomorate continues to be the most successful consumer business in the continent. Parent to many luxury brands including Louis Vitton, Möet, Givency and Christion Dior, LMVH generates the highest revenue from its fashion and leather products. Other than this, the group’s product range include cosmetics, wines and spirits, watches and jewelry.