French Titans’ Pledges to Notre-Dame Pass €600 Million - News Summed Up

French Titans’ Pledges to Notre-Dame Pass €600 Million


In the aftermath of the fire at Notre-Dame, one of the great symbols of France, the luxury industry — another symbol of the country, thanks to names such as Dior, Louis Vuitton and Saint Laurent — has pledged hundreds of millions of euros to the cathedral’s restoration. The donations were followed on Tuesday by other pledges that soon surpassed 600 million euros, or about $675 million, and included beauty, energy, and finance companies. On Monday, as Notre-Dame burned and flames lit the sky, the Pinault family — owners of Kering, the second-largest luxury group in France — was the first to publicly offer a significant contribution, pledging to donate €100 million to the rebuilding effort. “The Notre-Dame tragedy strikes all French people, as well as all those with spiritual values,” said François-Henri Pinault, chairman of Artémis, the family holding company that controls Kering.


Source: New York Times April 16, 2019 13:20 UTC



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