LVMH reported a 17% jump in sales in the first quarter French luxury goods giant LVMH became the first European company to surpass $500 billion in market value on Monday due to a surge in its share price and a strengthening euro. The luxury group, controlled by billionaire Bernard Arnault, reported a 17% increase in revenue in its first-quarter results earlier this month – more than double analyst expectations. Shares of the parent company of Louis Vuitton, Moët & Chandon and Hennessy as well as brands including Givenchy, Christian Dior, Bulgari and Sephora, soared following the results. Shares in the Paris-listed
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