PARIS, Sept 15 (Reuters) – Cosmetics group L’Oreal became France’s most valuable listed company on Tuesday, surpassing Louis Vuitton owner LVMH as high-end luxury companies remain under pressure after years of slowing sales and lacklustre earnings.
It is the first time since 2017 that a non-luxury company has claimed the top spot on the Paris bourse at the end of a trading day.
L’Oreal’s market capitalisation reached €203.17 billion ($234.54 billion), according to LSEG data, with LVMH at €202.05 billion.
($1 = 0.8663 euros)
(reporting by Piotr Lipinski, editing by Tassilo Hummel)
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