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Hermès becomes France's most valuable firm, surpassing LVMH, due to strong luxury sales.
Hermès has surpassed LVMH as the most valuable luxury company and France's most valuable firm, following LVMH's disappointing first-quarter sales results due to economic uncertainty and trade tensions.
Hermès' exclusive business model, limiting supply to maintain high demand, has helped it weather the luxury market downturn better than its rivals.
This shift has also led to a significant decrease in Bernard Arnault's net worth by $9 billion.
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Hermès se convierte en la firma más valiosa de Francia, superando a LVMH, debido a las fuertes ventas de lujo.