German automaker Volkswagen has emerged as Europe’s largest company on this year’s Forbes Global 2000 list.
Nestlé, which ranked at No. 6 in Europe last year, rose three spots to No. 3 among European companies and is worth over $330 billion. The Swiss maker of KitKat candy bars and Nescafé coffee weathered the pandemic relatively well thanks to high-growth categories that helped offset a decline of food sales in public-facing restaurants and cafes. In February, the company posted itsVolkswagen, based in Wolfsburg, isn’t the only German-based automaker to profit from soaring auto sales.
The world’s largest luxury group, France’s LVMH, which appeared on the Global 2000 list for the first time last year, also climbed to No. 64 in the world. In April, the companyin the first quarter of 2021 to $16.7 billion , beating out 2019 numbers. Like the rest of the world, Europe was hit hard by the virus, becoming an epicenter for cases throughout the past year. The economic impact is clear: For 2020 as a whole, GDP fell by 6.6% in the European Alliance and by 6.2% in the European Union, according to
Nice. Make an electric Crafter and sell it in the U.S. ok? Thanks. VW
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Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »