LVMH, Richemont, Kering, Hermès, Chanel... For many years, the luxury giants have been making record acquisitions on Paris's most prestigious avenues. Hermès, for example, paid around €300 million for 17 rue de Sèvres in 2024. In the same year, Chanel signed for 42 avenue Montaigne for over €250 million.
A luxury giant thinks bigger in Paris
A major player in the sector has filed several permits for 2025
By Mehdi Touazi
Business ImmoAugust 26, 2025 | 7:02 AM
This is a machine translation. Automated translations are intended solely as a convenience and are not legally binding.
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