In response to the devastating fire at the Notre Dame Cathedral in Paris, luxury groups Kering and LVMH have pledged substantial financial aid to support the restoration of the iconic landmark. Kering, controlled by the Pinault family through their investment company Artemis, has announced a donation of 100 million euros. François-Henri Pinault, President of Artemis and Kering, stated that he and his father made the decision to release the funds in order to contribute to the efforts required for the complete reconstruction of Notre Dame. The Pinault family is forgoing any tax advantage they could have claimed through this donation.
Similarly, LVMH, the group responsible for Louis Vuitton, Moët Hennessy, and other luxury brands, has pledged 200 million euros towards the rebuilding efforts. The Arnault family and LVMH are expressing solidarity with this national tragedy and recognize the significance of Notre Dame as a symbol of France, its heritage, and its unity. In addition to the financial contribution, LVMH is also providing its creative, architectural, and financial teams to assist with the long process of reconstruction and fundraising.
Luxury groups and brands have a history of generously supporting the preservation and renovation of important heritage sites, both in France and internationally. The Palace of Versailles and the Area Sacra in Rome are just a few examples of the numerous projects that have received significant support. As the restoration of Notre Dame begins, it is expected that other luxury houses will announce their contributions in the coming days.
President Emmanuel Macron has also announced the launch of a national subscription fund to gather further funds for the rebuilding of the cathedral. Various organizations, including the Fondation du Patrimoine, have also initiated donation campaigns to support the restoration efforts.
Useful Links:
1. [Kering Official Website](https://www.kering.com/en)
2. [LVMH Official Website](https://www.lvmh.com/)
