French Billionaires Francois-Henri Pinault Pledge $450 Million to Restore Notre-Dame

French billionaires Francois-Henri Pinault of Kering Group and Bernard Arnault of LVMH and oil company Total have pledged $450 million (€400 million) to restore Paris’ Notre-Dame Cathedral following a devastating fire on Monday evening. 

Francois-Henri Pinault, chairman of Kering (the parent company of Gucci), and his father announced on Tuesday they would donate €100 million via their family investment company, Artemis. The Arnault family, owners of luxury goods group LVMH, also pledged €200 million after French President Emmanuel Macron called for donations to rebuild the French national icon. 

“The Arnault family and the LVMH Group, in solidarity with this national tragedy, are committed to assist with the reconstruction of this extraordinary cathedral, symbol of France, its heritage and its unity,” said the family in a

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