American Express Launches Exclusive Lounge for Formula 1 Visitors in Montreal.

American Express has launched an exclusive lounge in Montreal for Formula 1 visitors. The lounge, called Maison Amex, is offered by the payment company's Canadian unit and is available to cardmembers attending the race from June 12 to 15. American Express is the official Formula 1 payments partner. Shares of American Express were up 0.37% pre-market to $298.50.

American Express (NYSE:AXP) has announced the launch of an exclusive lounge in Montreal, named Maison Amex, to cater to Formula 1 visitors. This lounge will be available to cardmembers attending the Formula 1 Grand Prix du Canada 2025, taking place from June 12 to 15. The lounge, operated by American Express's Canadian unit, is part of the company's role as the official Formula 1 payments partner.

The lounge, Maison Amex, is expected to provide a premium experience for visitors, offering a range of amenities tailored to the needs of Formula 1 enthusiasts. The pre-market trading of American Express shares was up by 0.37%, reaching $298.50, reflecting investor optimism about the company's strategic move.

This initiative underscores American Express's commitment to enhancing the experience of its cardmembers and leveraging its partnership with Formula 1 to drive brand visibility and customer engagement. The launch of Maison Amex is part of a broader strategy by American Express to capitalize on high-profile events and maintain its position as a leader in the payments industry.

For more information, see [1] https://seekingalpha.com/news/4455330-american-express-launches-exclusive-lounge-in-montreal-for-formula-1-visitors

References:
[1] https://seekingalpha.com/news/4455330-american-express-launches-exclusive-lounge-in-montreal-for-formula-1-visitors