5 Most Valuable European Companies Heading into 2024

2. LVMH Moët Hennessy

Market value as at 31st October 2023 (in $ billions): 387.4

It’s been Europe’s most valuable country for a while, but was finally dethroned in 2023. LVMH’s share price fell to its lowest value in 2023 a few weeks ago as the luxury boom has given way, which in turn has led to a slowdown in the company’s growth rate, dragging down Europe’s luxury sector.