French Fashion Giant LVMH Named Partner For Paris 2024 Olympics

French luxury fashion house LVMH-Moet Hennessy Louis Vuitton LVMHF LVMUY has become a premium partner for the Paris 2024 Olympic and Paralympic Games set to begin exactly a year from now.

The partnership will enable the artisans across the LVMH Group to contribute their creativity, know-how and sense of French art de vivre to the organization of celebration of high-level sports.

Paris 2024 will entrust several essential roles to LVMH artisans, including the design of the Olympic and Paralympic medals by the iconic Paris jeweler Chaumet.

Moët Hennessy wines and spirits Maisons will provide their products as part of hospitality programs during the Olympic games.

LVMH’s beauty brand Sephora will be a partner for the Olympic Torch Relay, proposing activations for the public all along the relay route.

“This unprecedented partnership with the Paris 2024 Olympic and Paralympic Games will contribute to heightening the appeal of France around the world,” said Chairman and CEO Bernard Arnault.

Price Action: LVMHF shares closed lower by 1.42% at $953.75 on Monday.