France Riots Spark €1.2bn Insurance Crisis as Luxury Brands Brace for Further Unrest
Weekend riots in France, triggered by cost-of-living and school funding grievances, resulted in the looting of major luxury retailers including Louis Vuitton, Hermès, and Dior. Insurance losses are estimated at €1.2bn, and authorities are collaborating with resale platforms like Vinted to remove stolen goods. As new protests are planned across Europe, luxury brands are implementing heightened security measures to protect their holiday season revenue.