LVMH strikes sponsorship deal with Formula 1

FILE PHOTO: The logo of LVMH Moet Hennessy Louis Vuitton is seen during the company's shareholders meeting in Paris, France, April 20, 2023. REUTERS/Gonzalo Fuentes/File Photo

PARIS (Reuters) - French luxury giant LVMH has reached a 10-year sponsorship deal with Formula 1 which covers its Louis Vuitton, Moet Hennessy and TAG Heuer brands, the company announced on Wednesday.

The partnership will start in 2025, the company added.

(Reporting by Tassilo Hummel;Editing by Kirsten Donovan)