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ARNAULT'S BIG GIFT: The Arnault family is stepping up to support the charity Restos du Heart with a donation of 10 million euros.
LVMH Moët Hennessy Louis Vuitton Chairman Bernard Arnault pledged the sum on Monday. Antoine Arnault, director of communication, image and the environment of LVMH, and Frédéric Arnault, managing director of Tag Heuer, formalized this donation during a visit to the Paris headquarters of the association on Tuesday alongside French Minister for Solidarity, Aurore Bergé.
This donation follows a call from the president of the organization, Patrice Douret, in favor of funding to help the association meet its financial needs. difference of 35 million euros.
Related ArticlesAntoine Arnault took the stage to speak on behalf of the family.
"Frédéric and I are very touched on behalf of the rest of my family, and Bernard Arnault in particular" , he said, stressing that it was a "spontaneous gesture" of the family following the call of Douret.
"It seemed like our responsibility on Sunday to answer that call," he said. “It was… a moving call for a magnificent association which is part of our lives, which holds a very dear place in the hearts of the French people. I am a little over 45 years old so I remember the birth of Restos du Coeur and of course all that this wonderful association does."
The charity, which distributes food parcels and hot meals to those in need, has was founded in 1985 by French comedian and actor Coluche, who died shortly afterwards in a motorcycle accident.
Arnault was keen to highlight LVMH's charitable efforts outside of its luxury business.
He mentioned the conglomerate's rapid change in its perfume factories at the start of the pandemic to changing from making perfume to creating hand sanitizer, to committing group and family funds to rebuilding Notre Dame Cathedral in Paris after a catastrophic fire in 2019. He added that the family and group also participate in many other charitable donations.
“The LVMH group and our family, through the family business, may seem remote from the concerns of beneficiaries, volunteers and employees of Restos du Coeur,” he said. “Well, that's not true. We are a responsible group, we are a united group, and I think it is important to say that too. We try to be as responsible as possible. And when there is a crisis situation like this, we react. »
Bergé thanked the Arnault family and called on other companies to contribute.
During an interview on French television channel TF1 on September 3, Douret said that the he organization, which provides about 35 percent of the country's food aid, is facing financial difficulties due to rising operating costs due to inflation and a "very significant increase" in needs. He warned that 150,000 people could be denied aid this winter.
Following this announcement, the French government pledged 15 million euros...
ARNAULT'S BIG GIFT: The Arnault family is stepping up to support the charity Restos du Heart with a donation of 10 million euros.
LVMH Moët Hennessy Louis Vuitton Chairman Bernard Arnault pledged the sum on Monday. Antoine Arnault, director of communication, image and the environment of LVMH, and Frédéric Arnault, managing director of Tag Heuer, formalized this donation during a visit to the Paris headquarters of the association on Tuesday alongside French Minister for Solidarity, Aurore Bergé.
This donation follows a call from the president of the organization, Patrice Douret, in favor of funding to help the association meet its financial needs. difference of 35 million euros.
Related ArticlesAntoine Arnault took the stage to speak on behalf of the family.
"Frédéric and I are very touched on behalf of the rest of my family, and Bernard Arnault in particular" , he said, stressing that it was a "spontaneous gesture" of the family following the call of Douret.
"It seemed like our responsibility on Sunday to answer that call," he said. “It was… a moving call for a magnificent association which is part of our lives, which holds a very dear place in the hearts of the French people. I am a little over 45 years old so I remember the birth of Restos du Coeur and of course all that this wonderful association does."
The charity, which distributes food parcels and hot meals to those in need, has was founded in 1985 by French comedian and actor Coluche, who died shortly afterwards in a motorcycle accident.
Arnault was keen to highlight LVMH's charitable efforts outside of its luxury business.
He mentioned the conglomerate's rapid change in its perfume factories at the start of the pandemic to changing from making perfume to creating hand sanitizer, to committing group and family funds to rebuilding Notre Dame Cathedral in Paris after a catastrophic fire in 2019. He added that the family and group also participate in many other charitable donations.
“The LVMH group and our family, through the family business, may seem remote from the concerns of beneficiaries, volunteers and employees of Restos du Coeur,” he said. “Well, that's not true. We are a responsible group, we are a united group, and I think it is important to say that too. We try to be as responsible as possible. And when there is a crisis situation like this, we react. »
Bergé thanked the Arnault family and called on other companies to contribute.
During an interview on French television channel TF1 on September 3, Douret said that the he organization, which provides about 35 percent of the country's food aid, is facing financial difficulties due to rising operating costs due to inflation and a "very significant increase" in needs. He warned that 150,000 people could be denied aid this winter.
Following this announcement, the French government pledged 15 million euros...
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