LVMH watch division faces executive changes and market challenges at annual showcase

LVMH's watch division faced executive turmoil at its annual showcase, with the Tag Heuer CEO's exit overshadowing new product launches. The departure of Antoine Pin from Tag Heuer, LVMH's largest watch company, highlights concerns about the conglomerate's fourth-place standing in the luxury watch market, trailing major competitors. The event also saw Zenith deny sale rumors, while brands like Bvlgari and Tiffany introduced new collections, with LVMH's watch segment still considered its weakest performer.