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

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.

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

While millions know at this point that Melania Trump adores Dior, it seems that Ivanka has a soft spot for the European house, too. The former West Wing adviser wore a Dior dark forest green skirt suit with a thin black belt and a coordinating beret-style hat to the Inauguration ceremony at the U.

The U.S. market’s importance was underscored by striking models pushing watchmaking boundaries in design and technical prowess.

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.

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 ).

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.

Analysts say the sport’s rising popularity justifies the sponsorship but it still represents a gamble to boost sales

Tiffany & Co is ready to talk time once more — by repositioning its watchmaking proposition towards the higher end of the market and aligning it with the brand’s established jewellery designs.