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34 Articles
Financial bombshell in the premier class of motorsport: Formula 1 has signed a sponsorship contract with the French luxury goods group LVMH that is valid for ten years! Although no official details were given, according to international business media the deal is worth around one billion US dollars... As LVMH announced on Wednesday, the deal includes the presence of the brands Louis Vuitton, Moët Hennessy and TAG Heuer in Formula 1. The cooperat…
French luxury goods giant LVMH announces Formula One sponsorship
Bernard Arnault, one of the world's richest men and CEO of the luxury group, known for brands like Louis Vuitton and Moet Hennessy, described the 10-year sponsorship deal as a 'great and unique partnership.'
The US Sun
Major change to F1 as bosses sign incredible ten-year deal worth $1billion
FORMULA ONE bosses have penned a $1BILLION deal that will see a major change to podium proceedings. F1 chiefs have put pen to paper on a £750m with French company LVHM – known in full as LVMH Moet Hennessey Louis Vuitton SE. RexForumla One has penned a £750m sponsorship deal with LVMH that could make a major change to podiums from 2025 onwards[/caption] The sponsorship deal, which is the most lucrative in the sports’ history, was reportedly agre…
The world's number one luxury retailer is committed to the next ten years. The contract amounts have not been revealed but they promise to be huge. This is the second time that LVMH (Louis-Vuitton, Tag Heuer, Moët Hennessy...) has signed a sports partnership in its own name.
Channel News Asia
LVMH announces 10-year sponsorship deal with Formula 1
PARIS :French luxury giant LVMH has reached a 10-year sponsorship deal with Formula 1 which covers its Louis Vuitton, Moet Hennessy and TAG Heuer brands, the company announced on Wednesday. The partnership, the company's next major push into the sports world after it paid some 150 million euros ($165.77 milli
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