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LVMH Group Donates 200 Million Euros for Notre Dame’s Reconstruction

The Arnault family and the LVMH Group is donating 200 million euro to the fund dedicated to reconstructing Notre Dame Cathedral in Paris. The landmark was heavily damaged by a fire yesterday. The cause of the blaze is under investigation, but officials said it probably began as an accident during restoration work. The cathedral was in the midst of a $6.8 million renovation project. Arson was ruled out as well as possible terror-related motives, officials said. Earlier today, officials said Notre Dame remains structurally sound.

In a statement, the company said: “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 dedicated to the reconstruction of this architectural work, which is a core part of the French History. In the meantime, the LVMH Group puts at the disposal of the State and the relevant authorities all its teams – including creative, architectural and financial specialists – to help with the long work of reconstruction and fundraising, which is already in progress.”In addition, François-Henri Pinault, chair and CEO of the international luxury group Kering, which includes Gucci and Saint Laurent, said Monday night he and his family will donate 100 million euros to the cathedral’s reconstruction.

The nearly 50 investigators assigned to the case were focusing on interviewing workmen who had left the site but had been engaged in the restoration of the cathedral not long before the fire broke out.

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