PARIS—Selling handbags, cognac and designer fashion, LVMH Moët Hennessy Louis Vuitton SE has become one of the most valuable companies in Europe.
Its shares are worth more than Europe’s biggest auto maker, Volkswagen AG, and biggest bank, HSBC Holdings PLC. This week, LVMH’s market capitalization topped €200 billion for the first time, making it almost as valuable as Europe’s biggest oil producer, Royal Dutch Shell PLC.
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