PARIS – Capping months of speculation, LVMH Moët Hennessy Louis Vuitton on Monday signed on to grow to be a premium partner of the Paris 2024 Olympic and Paralympic Games, guaranteeing the world’s biggest luxury group prime visibility throughout the planetary event, including its eagerly awaited opening ceremony.
While LVMH didn't disclose the financial terms of the sponsorship deal, sources with knowledge of the matter said it had put 150 million euros on the table. Organizers are billing the Paris Games as “the largest event on the earth,” expected to attract 4 billion TV viewers, 13 million spectators and 20,000 journalists.
Several major LVMH houses will play a special role throughout the Games, with jeweler Chaumet designing the medals, and Louis Vuitton,...
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