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

Good news about an experimental weight-loss shot sent shares in Ozempic maker Novo Nordisk soaring, making it once again Europe's most-valuable listed company. A pullback in the Danish drug maker's shares had meant it recently ceded that title to French luxury conglomerate LVMH.

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

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

LVMH said on Tuesday it was "impossible" to control the final destination of products sold by third-party distributors after a report said the French luxury group's champagne reached Russia even after it halted business there.

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, Daniel Roth debuted its latest timepiece, the Extra Plat Souscription. Inspired by its Tourbillon Souscription watch, Daniel Roth has reinterpreted the design in a new laidback way – but as a limited edition novelty, you might not be able to get one.

Bvlgari launches the Lady Solotempo BVS100 automatic movement at LVMH Watch Week, taking the Serpenti automatic watches into the next phase.

He’s someone Trump really looks up to and wants to make happy,” a source said of LVMH CEO Bernard Arnault, the wealthiest man in France.

Christophe Fouquet, CEO of ASML, said that the company expected total net sales of between €30bn (£25bn) and €35bn for 2025, "which is the lower half of the range that we provided at our 2022 Investor Day". Trump loves to use the stock market as a scoreboard. Interest rates will be the judge of that.

Zenith rolls out new watches during the LVMH Watch Week. The post Zenith unveils striking watches at LVMH Watch Week appeared first on The Manual.