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.

By Tariq Panja and Liz Alderman Tariq Panja and Liz Alderman covered the business of the Paris Olympics, and the role of companies like LVMH. Rarely in Olympic history had a single company been as ...

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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.

As the largest corporate sponsor for Paris Olympics, LVMH (LVMUY) was everywhere, from the champagne flowed in V.I.P. suites, to the clothes worn by French Athletes, and the luggage used during ...