Business | Prestige and the podium

LVMH is splurging on the Olympics

Will it pay off?

LVMH unveil the outfits and medals trays for the victory ceremonies.
Photograph: Nelson Rosier/LVMH

Pay close attention as the medals are draped over the victors of this year’s Olympic games in Paris and you may spot a hexagonal piece of wrought iron at their centre. That is a piece of the Eiffel Tower, kept after a renovation. The medals, designed by Chaumet, part of the luxury giant LVMH, are but one example of how the conglomerate’s maisons will be adding an opulent touch to the games. France’s team will don Berluti garments for the opening ceremony on July 26th. VIP lounges have been stocked with the cuvées of Moët Hennessy. Even the torch has been kept in a Louis Vuitton checkerboard trunk.

Explore more

This article appeared in the Business section of the print edition under the headline “Prestige and the podium”

Can she win?

From the July 27th 2024 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Business

A court says “Google is a monopolist.” Now what?

The ruling could lead to a big-tech showdown

A history-lover’s guide to the market panic over AI

Past technologies offer clues to what comes next


What is going wrong for Intel?

The giant chipmaker has shed $40bn in market value in a day


Can Samsung get its mojo back?

Its profits are surging, but its technology is lagging behind

What is the point of industry awards?

Booze, sweat and plexiglass