Louis Vuitton and Hermes among luxury retailers looted in French riots
Commerce minister Serge Papin said the unrest affected at least 3,000 businesses, while Morningstar estimated insured losses at up to €1.2 billion.
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9 Articles
Sales plunge at shopping centres in France as rioters target luxury retailers, World News
Luxury retailers including Louis Vuitton, Hermes and Kenzo were targeted during a weekend of riots and looting across France, according to a report by The Financial Times.Six masked individuals used a road barrier to try to smash the windows of Louis Vuitton's boutique at Paris' Place Vendome on Saturday (Oct 17), but failed to break in.Other stores were less fortunate,...
FT: damage to business from pogroms in France may exceed €1 billion
FT: damage to business from pogroms in France may exceed €1 billionAccording to the newspaper, looters looted Louis Vuitton, Herms, Kenzo and other brands during the riots. According to preliminary estimates, at least three thousand enterprises were...
Preliminary estimates already exceed the insurance sector ' s casualties from the July 2023 riots
The violence and looting of 17 and 18 October throughout France are among the most costly of the damage related to demonstrations according to the insurers. Some 3,000 stores have been degraded, according to the Minister of Commerce Serge Papin.
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