Top 10 Largest Companies In France By Market Cap (2024 Update)
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| Top 10 Largest Companies In France By Market Cap (2024 Update) |
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France is among the major countries in the European Union. With a population of almost 46 million, the country's GDP in 2021 is $2.94 trillion, making it one of the world's most advanced economies. France's contemporary economy boasts world-class infrastructure and a modern regulatory regime. As a member of the European Union, France has 46 preferential trade agreements. Over the last three years, government spending has accounted for around 57.6% of GDP, with the private sector also playing a substantial role.
In terms of GDP, the European Union's economy is one of the world's largest, with a little more than $17 trillion expected in 2021. Only Germany in Europe has a bigger GDP than France, with about $4.2 trillion in 2021 to France's $2.94 trillion.
In addition to France's enormous GDP and projected expansion in the near future, many top French enterprises trade across Europe and around the world. As a result, the ten largest French enterprises are extremely valuable.
Top 10 Largest Companies In France By Market Cap (2024 Update)
1. LVMH
Market cap: $362.57 B
LVMH, headquartered in Paris, France, was established in 1987. It works in more than 70 countries throughout the world. LVMH primarily operates in the luxury goods industry, specialized in fashion, cosmetics, wines, spirits, jewelry, and watches. Its prominent brands include Louis Vuitton, Moët & Chandon, Hennessy, Christian Dior, and Givenchy.
2. L’Oréal
Market cap: $249.25 billion
L'Oréal is the world's largest cosmetics corporation, with operations in 160 countries and over 90,000 employees worldwide. Skin care, hair color, hair care products, sun protection, perfume, and, of course, make-up are some of the categories in the cosmetics industry. The company was formed in 1909, 111 years ago, and is based in Clichy, France. In 2019, its revenues reached over 30 billion euros, while its assets totaled 43.8 billion euros. Maybelline and L'Oréal Paris are two of the company's most well-known brands. Since its beginnings, the corporation has been embroiled in a number of problems, including the founder's Nazi sympathies.
READ MORE: 12 Interesting Facts About France You May not Know
3. Hermès
Market cap: $210.12 B
Hermes was founded in 1837 and is now 183 years old. It is the go-to name for premium products. Lifestyle accessories, leather, home furnishings, jewelry, perfume, handbags, and watches are among the various things it sells. In 2019, the company reported revenues of about 7 billion euros and employed over 14,000 people. It is perhaps best known for its Hermes Birkin bags, named after the English actress Jane Birkin, which cost thousands of pounds, are a status symbol for the wealthy and famous, and have a multi-year waiting list. The current minimum price is $11,000, with a maximum of $380,000.
4. Total Energy
Market cap: $148.82 B
TotalEnergies SE (NYSE:TTE) is a significant oil and gas corporation headquartered in France and was founded in 1924. TotalEnergies SE (NYSE:TTE) has grown into one of the oil majors, and the firm now aspires to be a world-class player in the energy transition. The corporation also plans to achieve carbon neutrality in all of its global operations by 2050.
5. Sanofi
Market cap: $128.01 B
Sanofi is a pharmaceutical company headquartered in Paris and one of the world's largest biotech corporations. In fact, it is the world's largest vaccine maker and is presently working with GSK to develop a treatment for the Covid-19 vaccine. In fact, it and GSK have inked an agreement with the US government under Operation Warp Speed to give the country with 100 million doses of the vaccine if it is effective, totaling $2.1 billion. However, it lags behind other businesses in this regard, with Pfizer and AstraZeneca releasing positive findings from clinical trials.
6. Dior
Market cap: $127.23 B
Dior is a French luxury goods corporation with arguably the most entries on the list of the top French companies by market capitalization. Dior is led by Bernard Arnault, who is currently one of the world's top twenty richest persons. The company has more than 163,000 employees.
READ MORE: 8 Most Luxurious Handbag Brands That Really Made in France
7. Schneider Electric
Market cap: $109.99 B
Schneider Electric offers energy to the residential, commercial, and industrial sectors, and is France's largest power company, with revenues of 27.2 billion euros in 2019. The corporation has approximately 135,000 employees.
8. Air Liquide
Market cap: $98.27 billion
Air Liquide provides industrial gases and, after Linde, another European firm, is the world's largest gas supplier. In 2019, it generated approximately 22 billion euros in sales and employed over 66,000 people.
9. EssilorLuxottica
Market cap: $87.68 B
It was formed by the amalgamation of an Italian and a French company and is now one of the major manufacturers of prescription glasses and sunglasses. This organization owns almost all of the well-known optical brands, including Rayban, Michael Kors, Oakley, and LensCrafter.
10. Safran
Market cap: $77.19 billion
Safran is a firm that produces airplane engines, rocket engines, and military systems. It is one of the greatest aviation corporations in Europe, if not the world. Safran had 24.64 billion euros in revenue and 95,000 employees. It is one of the most recent companies on this list, having been established in 2015.
Conclusion
Given France's status as one of the world's most beautiful countries, many of the most valuable French corporations include worldwide luxury giants such as Dior, Hermès, and LVMH. In fact, each of these three enterprises is valued more than $100 billion and has grown to be one of France's largest.
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