Luxury giant's HQ stormed by pension protesters (VIDEO)
A group of French demonstrators have breached the headquartered of luxury giant LVMH amid wider protests against a pension reform Read Full Article at RT.com
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French conglomerate LVMH was targeted after setting a share price record
Protesters in Paris have invaded the headquarters of luxury holding LVMH. The break-in happened on Thursday amid continuing mass demonstrations against a government-backed pension reform, which raises the retirement age from 62 to 64.
The rally outside of the LVMH office near the Champs Elysees gathered some 300 people with an anti-capitalist agenda, according to French media. A smaller group of people burned flares and threw smoke bombs while breaching the building, footage from the scene shows.
The surprising and brief trespass followed media reports that the fashion conglomerate enjoyed a 17% increase in sales in the first quarter, pushing the price of its shares to a record high. LVMH owns several high-profile brands, including Christian Dior, Louis Vuitton, Moet and Hennessy. Majority owner Bernard Arnault has become the world’s richest man on the back of corporate success, according to the latest Forbes ranking of billionaires.
