Bernard Arnault, Chairman and CEO of LVMH Group, added: “The folks, the hunt for excellence and the fervour for innovation are on the coronary heart of the exercise of our Maisons and Components 1. In motorsport as in trend, watchmaking or wines and spirits, each element counts on the trail to success.
“Each in our workshops and on circuits all over the world, it’s this incessant search to interrupt boundaries that evokes our imaginative and prescient, and that is the that means that we need to deliver to this nice and distinctive partnership between Components 1 and our Group.”
Stefano Domenicali, President and CEO, Components 1, continued: “Our sport is based on the relentless pursuit of excellence, a price that additionally lies on the coronary heart of LVMH, so I’m delighted to announce this historic partnership will start in 2025.
As Components 1 continues its international progress, attracting new and extra various audiences, the power and breadth of LVMH makes it the right accomplice for us to work with as we glance to repeatedly improve the expertise of our followers and the heritage of our unimaginable sport.
“It is a landmark partnership for each corporations, and I want to thank Bernard and Frédéric Arnault for his or her imaginative and prescient and dedication to deliver this to life.”
Frédéric Arnault, CEO of LVMH Watches, concluded: “Lately, Components 1 has really grow to be one of the vital fascinating sports activities on the earth. It is a vibrant self-discipline that echoes quite a few values which can be essential to us, akin to innovation, group spirit and efficiency.
“For a few years, a number of of our Maisons have additionally chosen to spend money on Components 1, whether or not to create distinctive experiences or for moments of celebration. With our Maisons and the experience of our Group, we need to additional develop this experiential dimension that Components 1 offers everywhere in the world. We’re solely on the very starting of this partnership, however the seasons that await us promise to be extraordinary.”