LVMH washed its hands of the faux pas, claiming this week that Chaumet merely designed the medals.

Jean Arnault, director of Louis Vuitton’s watch division, has to contend with a tough luxury market and stubborn young consumers.

Novo Nordisk has faced a massive selloff in recent months amid disappointing drug trials and U.S. pressure to cut its prices.

LVMH, which is controlled by the family of multibillionaire Bernard Arnault, was a major sponsor of the Summer Games in Paris.

The medals were designed by a jewelry maker owned by the French luxury conglomerate, which has declined to comment on their deterioration.

Tiffany & Co has just unveiled five new timepieces at LVMH Watch Week 2025, including two new interpretations of the stunning Bird on a Rock watch. Featuring diamond and rock tsavorite gemstones, the new Bird on a Rock novelties are sparkly, colourful and the perfect blend of high jewellery and watch making.

The rest of the top ten largest companies in Europe by market cap include ASML ( ASML ), SAP SE ( SAP ), Hermès International ( OTCPK:HESAY ), Roche Holding AG ( OTCQX:RHHBY ), Accenture plc ( ACN ), Nestlé S.A ( OTCPK:NSRGY ), AstraZeneca PLC ( AZN ), and Novartis AG ( NVS ).

At LVMH Watch Week 2025, Daniel Roth and Gérald Genta present the Extra Plat Souscription and the Gentissima Oursin Fire Opal.

Shares of Louis Vuitton Moet Hennesy (OTC: LVMUY) were moving higher today in symphony with a strong earnings report from luxury peer Richemont (OTC: CFRUY), the owner of Cartier. As of 1:07 p.m. ET,

Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand boosted LVMH stock.

TAG Heuer used LVMH Watch Week to mark its new territory as the new headline sponsor of Formula 1; taking over from Rolex from the start of the 2025 season, which kicks off in Melbourne in March. Every watch has racing heritage,