Largest companies by market capitalization in France 2024

Moët Hennessy Louis Vuitton (LVMH) was the leading company in France by market capitalization as of October 2024, with a valuation of approximately 357.6 billion U.S. dollars. Hermès and L'Oréal followed, with market capitalizations of 242.51 billion and 227.66 billion U.S. dollars, respectively. 

Luxury goods market in France

France is globally renowned for its rich history and numerous high-end fashion brands in the luxury goods market. For example, Chanel was among the world’s most recognized luxury brands in 2022, among other French brands such as Louis Vuitton, Dior, and Hermes. Moreover, France ranks among the biggest five markets for luxury goods in the world, and the sector’s revenue in the country is expected to exceed 20 billion U.S. dollars by 2025.

LVMH: the world’s leading luxury company

LVMH is a French luxury goods conglomerate operating across various sectors, including fashion and leather goods, perfumes and cosmetics, jewelry and watches, and wines and spirits. As the largest French company in the world, LVMH group's total revenue was over 86 billion euros in 2023. Almost half of the revenue came from their business in the fashion and leather segment, which amounted to 42.16 billion euros in 2023.