with contributions from Mimosa Spencer
 on February 12, 2018

PARIS — Chanel said Monday it has signed on as the exclusive private sponsor of the renovation of the Grand Palais with plans to pledge 25 million euros toward the works, which are due to be completed in time for the Summer Olympics in Paris in 2024.

As part of the agreement, the French fashion house wants to retain the exclusive right to use the nave of the glass-and-steel structure for its fashion shows, said Bruno Pavlovsky, president of fashion at Chanel. He also confirmed the company will stage its next cruise show at the venue.

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