Orient Express, the Accor Group subsidiary it acquired in 2017, plans to order two sailboats from the Atlantic shipyards, with first delivery expected in 2026.
In the morning, the LVMH share price reached a new record high of 795.70 euros (+0.38%). Since the beginning of 2023, it has risen by 16%, boosted by China’s economic reopening. By 13:40, it had fallen to 791.40 euros, down 0.15% over the session.
The French group’s capitalization, or the amount it would take to buy all of LVMH’s shares, reached about 400.4 billion euros (or about $433 billion).
This is the first time that a European company in the luxury sector has been valued so highly on the European stock market. It is ahead of the food giant Nestlé and the Danish pharmaceutical company Novo Nordisk.
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