Chanel Expands Support for Centre Pompidou Amid $535 Million Renovation
Chanel has revealed a five-year collaboration with Centre Pompidou to aid in the Paris museum's €460 million ($535 million) renovation. Since 2019, Chanel has been a supporter of the Pompidou, recently funding a major acquisition of contemporary Chinese art. The museum, which closed last autumn, is set to reopen in 2030. Laurent Le Bon, president of Pompidou, described the initiative as “a true metamorphosis.” Yana Peel, Chanel's president of arts, culture, and heritage, mentioned the museum's dedication to enhancing cultural production as a motivating factor for their support. By 2025, Chanel aims to increase the museum's contemporary Chinese art collection by 30 percent, with an emphasis on women artists. Earlier this week, the Pompidou opened a branch in Seoul and announced a collaboration with Hong Kong's M+.
Key facts
- Chanel announced a new five-year partnership with Centre Pompidou.
- The partnership supports the museum through its €460 million ($535 million) renovation.
- The Pompidou closed to the public last fall and will reopen in 2030.
- Chanel has backed the Pompidou since 2019, including sponsoring Chinese contemporary art acquisitions.
- In 2025, Chanel announced a separate three-year partnership to grow the museum's Chinese art holdings by 30%.
- In 2024, Chanel acquired 21 works by 15 Chinese artists for the exhibition '目Chine, une nouvelle génération d’artistes'.
- The Pompidou launched a Seoul outpost with a Cubist exhibition, partnering with Hanwha Cultural Foundation.
- The Pompidou announced a multi-year strategic alliance with Hong Kong's M+.
Entities
Institutions
- Chanel
- Centre Pompidou
- West Bund Museum
- Pinacoteca de São Paulo
- California Institute of Arts
- Hanwha Cultural Foundation
- M+
Locations
- Paris
- France
- Shanghai
- China
- São Paulo
- Brazil
- Seoul
- South Korea
- Hong Kong