LVMH & Its Market Rivals — Publicly Traded Luxury Leaders Ranked by Market Cap

In this chart, we rank 16 publicly traded luxury groups by their market capitalization as of August 2025. LVMH sits at the summit with $277 B, narrowly ahead of L’Oréal ($245 B) and Hermès ($253 B), while specialist names like Burberry and Chow Tai Fook fall below $20 B.

Key Takeaway

• The top three players—LVMH, L’Oréal, and Hermès—command nearly 60% of the combined market cap, underscoring the scale advantage of diversified luxury conglomerates.

Analysis

• LVMH’s breadth across fashion, beauty, wine & spirits, watches & jewelry, and retail gives it unmatched resilience.
• French houses dominate: five of the top seven spots are HQ’d in France, reflecting Europe’s heritage stronghold.
• Pure-play specialists (e.g., Swatch in watches, Campari in spirits) maintain solid positions but face a widening gap versus conglomerates.

What surprises you most about the rankings, and which brand do you think has the most runway for growth?