By  on June 7, 2018

PARIS — As the global appetite for French luxury goods continues its upward climb, Hermès International is joining the Paris stock market index CAC-40, replacing cement-maker LafargeHolcim, according to Euronext.

The stock market operator reviews the makeup of the benchmark index on a quarterly basis, selecting the 40 largest companies with the most actively traded shares. The possibility had been well-flagged by analysts, which some said likely contributed to a recent rise in Hermès shares.

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