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Bloomberg Quint
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Hermès Market Value Surpasses LVMH, Which Once Tried To Buy It
- Hermès surpasses LVMH in market value, the company that once tried to acquire it.
- LVMH's first-quarter results and trade war threats lead to a significant drop in its market value.
- Hermès' independent strategy pays off as it becomes the most valuable company on France's CAC40 index.
- Hermès' focus on exclusivity and managed scarcity helps it weather the downturn in luxury goods demand.
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