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Hermès has officially passed LVMH to become the most valuable fashion company in the world. The luxury house is known for its handcrafted goods and scarcity-driven strategy, which has helped it outperform competitors despite a slower luxury market.
LVMH, still a global giant with over 75 brands, is facing a tougher stretch. Revenue fell in Q1 as demand dipped in China and the U.S. , and questions about CEO Bernard Arnault’s succession plan have added some uncertainty.
The gap in performance highlights two very different approaches. Hermès has stayed focused on heritage and craftsmanship, while LVMH’s size and diversification leave it more exposed to shifts in the global economy.
LVMH, still a global giant with over 75 brands, is facing a tougher stretch. Revenue fell in Q1 as demand dipped in China and the U.S. , and questions about CEO Bernard Arnault’s succession plan have added some uncertainty.
The gap in performance highlights two very different approaches. Hermès has stayed focused on heritage and craftsmanship, while LVMH’s size and diversification leave it more exposed to shifts in the global economy.
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