Not all the news is good for LVMH. In fact, its excellent financial results may have made it a target for French citizens protesting President Macron’s proposed pension changes. Under the Macron plan, the new retirement age would be 64, rather than 62.
Today’s protest (April 13) is the day prior to an expected French court ruling on the constitutionality of the new law. There were warning by police about possible protests against “capitalist signs,” according to CNN.
Objectors forced their way into LVMH headquarters, some suggesting LVMH was the place to find funding for French pensions. Just yesterday, LVMH announced a 17% increase in Q1 2012 revenues, sending its shares soaring today.
Other union protests occurred at the Constitutional Council.
Image courtesy: reuters.com/📸Benoit Tessier
- Maura Carlin posted 2 years ago
- last edited 2 years ago