August 26, 2025 | 7:02 AM
A luxury giant thinks bigger in Paris
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.