French luxury conglomerate LVMH is denying reports that it is responsible for deteriorating and rusting Olympic medals that were handed out to athletes during the Summer Games in Paris last year.

PARIS, Jan 27 (Reuters) - Investment bank Morgan Stanley has raised its rating on French luxury goods giant LVMH (LVMH.PA), opens new tab to 'overweight' from 'equal weight'. "While LVMH should ...

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics ...

As of 1:07 p.m. ET, LVMH stock was up 9.8%, compared to Richemont's 15.4%. Image source: Getty Images. Richemont reported a 10% increase in third-quarter sales to 6.2 billion euros ($6.4 billion ...