MILAN—LVMH shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalization of 400 billion euros ($434 billion) for the first time and cementing its lead as Europe’s most valuable company.
Like other luxury companies which are heavily exposed to China, LVMH has benefited this year from the fast reopening of the world’s second-biggest economy. However, some analysts said further gains in the share price could become harder to achieve.
