Protests escalate in France, targeting wealthy individuals and corporations.

1 min read
Source: Business Insider
Protests escalate in France, targeting wealthy individuals and corporations.
Photo: Business Insider
TL;DR Summary

Protestors opposing France's plans to raise the retirement age stormed the headquarters of LVMH, where top executives, including LVMH CEO and world's richest man Bernard Arnault, have offices. French President Emmanuel Macron proposed raising France's retirement age to 64 by 2030, saying that France's pension system needs the reform to be able to support future generations of retirees. Arnault is currently the richest person in the world, and recently saw his net worth cross over $200 billion. LVMH's stock price recently reached a record high due to China's reopening and high demand elsewhere.

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