In Paris, ‘Yellow Vest’ Protests Cut Sharply Into City’s Luxury Trade - News Summed Up

In Paris, ‘Yellow Vest’ Protests Cut Sharply Into City’s Luxury Trade


From the Champs Élysées to Avenue Montaigne and along the Rue St.-Honoré, the glossiest and most glamorous shopping streets of central Paris are usually bustling on Saturdays in December. Tourists and local residents alike, many of them wearing fur or cashmere and laden with bags, hurry into glittering temples of French heritage like Chanel and Dior, Longchamp and Ladurée to stock up on holiday gifts. Five straight weekends of demonstrations against President Emmanuel Macron and his economic policies by members of the so-called Yellow Vest movement have caused some of the worst civil unrest France has experienced in more than a decade. Storefronts have been smashed, cars have been set ablaze and some of Paris’s best-known landmarks have been damaged. The number of protesters dwindled significantly this past Saturday compared with previous weekends, but many shops were closed nonetheless in anticipation of further violence, including those owned by the French group Kering, including Gucci, Balenciaga.


Source: New York Times December 17, 2018 15:11 UTC



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