Tuesday, April 16, 2019

Billionaires Pledge $500M for Notre Dame; France to Rebuild Its Key Heritage Symbol

The LVMH Group, which owns luxury brands such as Louis Vuitton, Christian Dior, and Givenchy and is led by France's richest man, Bernard Arnault, pledged 200 million euros ($226 million) today (April 16, 2019) to help rebuild the Notre Dame Cathedral hours after a tragic fire ripped the iconic church, according to the Christian Post website.

"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. They will donate a total sum of 200 million euros to the fund..." the company announced today.

Francois-Henri Pinault, chairman and chief executive officer of Gucci owner Kering SA and husband of Hollywood actress Selma Hayek, pledged 100 million euros ($113 million) yesterday after President Emmanuel Macron launched an appeal to rebuild the cathedral.

As rebuilding efforts for the more than 850-year-old church advanced today, condolences continued  to flow from around the world for the people of France, including one from Queen Elizabeth of England.

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