Hermes overtakes LVMH to become the most valuable luxury fashion company

A models walks the runway as part of the Hermes Spring/Summer 2025 womenswear show. Hermes has overtaken LVMH to become the world's most valuable luxury fashion company. Photo: Handout

Hermes’ market capitalisation surpassed that of rival LVMH, the conglomerate which tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago.

Hermes International SCA’s valuation reached €243.65bil (approximately RM1.217 trillion) on Tuesday (April 15), briefly crossing the €243.44bil (RM1.216 trillion) of LVMH Moet Hennessy Louis Vuitton SE.