• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

LVMH and Formula One announce 10-year partnership

by October 3, 2024
written by October 3, 2024

Liberty Media-owned Formula One and luxury giant LVMH are entering into a 10-year partnership, according to a joint press release from the companies Wednesday afternoon. 

The partnership will officially launch at the start of next F1 season and will include “hospitality, bespoke activations, limited editions and outstanding content.”

The official arrangement will not be the first time that LVMH and F1 have worked together. F1 worked with one of LVMH’s brands during last year’s Las Vegas Grand Prix and the team-up was a success, according to Liberty Media president and CEO Greg Maffei. 

“The opportunity to scale our commercial arrangements is emblematic of the vision we have for Formula 1 as the business continues to grow its platform,” Maffei said in the release. “We look forward to working with Bernard and Frédéric Arnault in the years to come.”

LVMH owns brands such as Louis Vuitton, Moet Hennessy and TAG Heuer, which will be included in the partnership.

“Both in our workshops and on circuits around the world, it is this incessant search to break boundaries that inspires our vision, and this is the meaning that we want to bring to this great and unique partnership between Formula 1 and our Group,” LVMH Group chairman and CEO Bernard Arnault said in the release.

More details of the partnership are set to come in 2025 and there were no financial details included in the release. 

Liberty Media purchased F1 in 2017 and has turbocharged the league’s growth in recent years.

Netflix released a behind-the-scenes series “Formula 1: Drive to Survive” in 2019 that helped push F1 from a niche sport to a more mainstream audience as viewers became fans after getting to see the personalities of individual drivers. The sport has also gotten a tailwind from social media and content creators, giving people more ways to become fans.

The next Grand Prix is Oct. 20 in Austin, Texas.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
8 House Dems demand to know how social platforms are preparing to combat ‘misinformation’ and ‘disinformation’
next post
Melania Trump’s abortion views in new memoir spur outrage from pro-lifers: ‘She is wrong’

related articles

Walmart boosts sales outlook as it says tariff...

August 21, 2025

How a ship that glides like a pelican...

August 21, 2025

Apple just landed a key win for the...

August 20, 2025

Best Buy launches third-party marketplace as it looks...

August 19, 2025

Group accused of using fake accounts to buy...

August 19, 2025

Playboy moving its headquarters to Miami Beach and...

August 17, 2025

Lyft co-founders to step down from ride-hailing firm’s...

August 16, 2025

Warren Buffett’s Berkshire Hathaway reveals new stake in...

August 16, 2025

Apple Watch getting redesigned blood oxygen feature following...

August 15, 2025

The CEO in chief: How Trump is getting...

August 15, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Nigel Farage responds after Elon Musk declares he ‘doesn’t have what it takes’ to lead Reform UK Party

    January 6, 2025
  • Federal judge clears way for release of special counsel report on Trump election case

    January 13, 2025
  • Noem’s Homeland Security ‘unapologetic’ about using lie-detector test on suspected intel leakers

    April 7, 2025
  • Disney tries to silence grieving husband and learns not all news is good news

    August 26, 2024
  • JD Vance says Trump clashed with former officials for refusing to engage in ‘ridiculous war’

    October 27, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,783)
  • Investing (634)
  • Stock (893)

Latest Posts

  • European stocks gain on auto tariff hopes, but LVMH slump clouds outlook

    April 15, 2025
  • Biden’s vax-focused COVID-19 website obliterated by White House, replaced with ‘true origins’ virus guide

    April 18, 2025
  • Interview: ‘No one, not even us, can see what you are doing’ — NymVPN’s CSO ahead of launch

    March 3, 2025

Recent Posts

  • Gaetz questions Jack Smith’s authority to keep up Trump probes after judge calls him ‘unlawfully appointed’

    September 9, 2024
  • Vance takes faith approach after Harris mocked pro-life protesters at rally: ‘Jesus is King’

    October 21, 2024
  • Defunding DEI: Here’s how the Trump administration has undone Biden’s very prized programs

    April 27, 2025

Editor’s Pick

  • Bondi says Epstein client list ‘sitting on my desk right now,’ and is reviewing JFK, MLK files

    February 21, 2025
  • Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

    June 29, 2025
  • Pompeo slams White House after report about Iran’s election meddling: ‘Weakness and appeasement’

    July 31, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock