US EditionLVMH strikes sponsorship deal with Formula 1
34 Articles
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…
The value of the deal could reach US$ 1 billion; the loss of the contract of Rolex, which has sponsored the timing of F1 since 2013, is a major setback for the company LVMH and the organizers of the Formula One races have signed an important sponsorship contract, potentially worth up to US$ 1 billion, with the French luxury goods group replacing Rolex. Champagnes, luxury hotels and designer brands: what is the LVMH empire, whose owner is the ri…
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.
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