BUSINESS
The luxury titan, Bernard Arnault, whose company LVMH is a major sponsor of the 2024 Paris Olympics, was captured in a moment of camaraderie with the Ambanis
What brought the Ambanis to Paris just before the Olympics? The answer unfolded as Indian billionaire Mukesh Ambani and his wife Nita Ambani were seen with LVMH chairman Bernard Arnault, sparking intrigue and curiosity.
The luxury titan, Bernard Arnault, whose company LVMH is a major sponsor of the 2024 Paris Olympics, was captured in a moment of camaraderie with the Ambanis. The photograph, shared by the Ambani Family's Instagram page, shows a cheerful Mukesh Ambani in a black suit with a red tie and Nita Ambani looking elegant in a black saree with golden borders, minimal diamond jewellery, and a matching black bag.
LVMH, under Arnault's leadership, is not just a sponsor but a defining presence at these Olympics, earning Arnault the title of the ‘godfather’ of the event. He expressed his vision for the partnership in a recent interview, emphasizing the unique blend of the Olympic spirit with the essence of LVMH’s luxury brands. "We aimed to showcase something unprecedented with the Olympics, highlighting the spirit of our group and the country's prowess on the global stage," Arnault told CNBC.
Nita Ambani, recently re-elected unanimously as an International Olympic Committee (IOC) member from India, adds to the significance of this high-profile interaction. The Ambanis’ presence at the opening ceremony underscores their influence and the global connections they maintain.
As the Paris 2024 Olympics, branded as such, commence, the world watches not just for athletic excellence but also for the seamless integration of luxury and sportsmanship brought forth by this unexpected alliance. The games will run from July 24 to August 11, with events spanning across Paris and other French cities, culminating in a grand closing ceremony at Stade de France.
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