Two of France’s richest people have pledged 300 million euros ($338.7 million) collectively to rebuild the Notre Dame Cathedral in Paris, which was severely damaged in a fire Monday night.
François-Henri Pinault, whose Artemis holding company owns a controlling stake in luxury group Kering, pledged 100 million euros, while Bernard Arnault, chair of LVMH, gave 0 million euros.
Kering owns labels such as Gucci, Saint Laurent as well as also Alexander McQueen, while LVMH’s star brands include Louis Vuitton, Christian Dior as well as also Moet & Chandon champagne.
“The Arnault family as well as also the LVMH Group, in solidarity with in which national tragedy, are committed to assist with the reconstruction of in which extraordinary cathedral, symbol of France, its heritage as well as also its unity,” LVMH said in a statement on its website on Tuesday.
LVMH added in which the idea would likely give France access to its creative, architectural as well as also financial experts to assist inside reconstruction.
François-Henri Pinault, chair of Artemis said in a statement emailed to CNBC Tuesday:
“in which tragedy can be striking all the French people, as well as also beyond in which, all those attached to spiritual values. Faced with in which tragedy, everyone wishes to give life back to in which jewel of our heritage as soon as possible.”
Notre Dame can be one of Paris’s most famous landmarks, attracting millions of tourists each year. The 850 year-old building was being renovated as well as also French officials said the cause of the fire could be linked to the works.