Having reached a market value of 200 billion euros, Hermès has become the second most valuable luxury brand.
According to official reports, the maison is now the second most valuable luxury brand, just behind LVMH Moet Hennessy Louis Vuitton SE. And if that wasn’t enough, it has also officially overtaken Swiss pharmaceutical company Novartis AG to become the eighth most valuable company in the STOXX Europe 600 index.
The news comes on the heels of Forbes naming Bernard Arnault, founder of the luxury conglomerate, as the most powerful billionaire of 2023 with a net worth of $200 billion.
And speaking of exclusivity… Do you know which bags get the highest value when they are resold?
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