French billionaire Bernard Arnault's family is struggling to secure a deal on a much-needed new stadium for its recently acquired football team Paris FC, with compensation and other costs proving a sticking point in discussions,
The medals were designed by a jewelry maker owned by the French luxury conglomerate, which has declined to comment on their deterioration.
Investment bank Morgan Stanley has raised its rating on French luxury goods giant LVMH to 'overweight' from 'equal weight'.
LVMH, which is controlled by the family of multibillionaire Bernard Arnault, was a major sponsor of the Summer Games in Paris.
The IOC has committed to replacing them with others that will be "engraved identically to the originals," according to the Daily Mail. The competition at the Paris Olympics had not even ended when the first complaints about the quality of the medals arrived.
Some athletes who took podium spots at last summer's Paris Games say their medals, designed by an LVMH-owned jewelry brand, are visibly deteriorating.
it insists neither they nor LVMH were involved beyond that. It is understood that the responsibility for the faulty production lies with La Monnaie de Paris and the International Olympic Committee.
LVMH Watch Week changes location. LVMH Watch Week kicks off today after the event had to completely switch locations. Originally meant to take place in Los Angeles, the event had
Monnaie de Paris, the French mint that produced the medals, has "so far taken responsibility" and blamed the problem on a "technical issue" related to "varnish used to prevent oxidation" that was defective.
As LVMH Watch Week 2025 wrapped up its New York edition, Hypebeast looks back to some of the most noteworthy watches from the event.
LVMH Watch Week touched down in New York, further cementing the importance of the American market in the world of luxury horology. Originally slated to bow in Los Angeles, the sixth edition of the event quickly pivoted to New York and Paris in response to the devastating wildfires that the city continues to face.
LVMH Watch Week has kicked off with cool new timepieces like a guichet watch from Louis Vuitton to Bird on a Rock pieces from Tiffany.