LVMH

Pierre Ferracci, majority owner of Paris FC, is preparing to sell the Ligue 2 club to the Arnault family, owner of luxury goods and spirits group LVMH, and Red Bull

Formula 1 has secured the longest central sponsorship agreement in its history after finalising a 10-year contract with French luxury goods giant LVMH.

Formula 1 is understood to be on the verge of a major new multi-brand sponsorship agreement with French luxury goods giant LVMH.