During the recent mass riots in France, which were sparked by social protests, businesses suffered significant losses. According to Financial Times, the total damages may exceed €1 billion.
Impact on Businesses
Looters vandalized stores of well-known brands such as Louis Vuitton, Hermès, and Kenzo. Preliminary estimates indicate that at least 3000 businesses were affected, highlighting the scale of the issue. Many stores sustained severe damage, and some were completely looted.
Government Actions
In response to the situation, the French authorities have initiated negotiations with online platforms to block advertisements for the sale of stolen goods. This decision aims to reduce the possibility of selling stolen items and support the affected businesses.