Protesters Storm LVMH Headquarters Amid Demonstration Against Macron's Pension Overhaul -- WSJ
April 13 2023 - 8:31AM
Dow Jones News
By Nick Kostov and Stacy Meichtry
PARIS--Protesters stormed the headquarters of luxury
conglomerate LVMH Moet Hennessy Louis Vuitton on Thursday as the
nationwide protest movement against President Emmanuel Macron's
pension overhaul morphed into a populist rebuke of France's
establishment.
Video footage captured a crowd of people waving flares and
banners as they forced their way through the entrance of the luxury
group's headquarters on the Avenue Montaigne in Paris. Another
video clip shows the crowd proceeding up an escalator to a
reception area that leads to higher floors where Bernard Arnault,
the world richest man, has offices along with other top
executives.
People at the headquarters said the intruders didn't stay long
in the building. Protesters had cleared out of the area by the
early afternoon.
Weekly protests have raged across France for months as Mr.
Macron has forged ahead with his plans to raise the country's
retirement age to 64 from 62 by 2030.
Shares in LVMH, the owner of Louis Vuitton, Dior, and Tiffany
& Co, jumped to set a record high in Paris trading, further
cementing the company's position as the world's largest luxury
goods company and Europe's biggest stock by market capitalization.
It was valued at just under $480 billion during Thursday's
trading.
Write to Nick Kostov at nick.kostov@wsj.com and Stacy Meichtry
at stacy.meichtry@wsj.com
(END) Dow Jones Newswires
April 13, 2023 08:16 ET (12:16 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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