As thousands of people took to the streets of Paris on the 12th day of demonstrations against President Emmanuel Macron’s pension reforms, protestors forced their way into the headquarters of luxury giant LVMH Moët Hennessy Louis Vuitton.
Protestors are asking for the legislation to be withdrawn. Macron used a constitutional loophole to push through the legislation last month. The country’s constitutional council will issue its ruling on the reform Friday.
The pension reform bill would raise the retirement age from 62 to 64 years old. The increase in retirement age is meant to reflect a difference in life expectancy for various generations. When most of France’s current retirees entered the workforce in the 1980s, the average life expectancy was 74. Now the average life expectancy in France is 82.
The protests comes just a day after the Louis Vuitton, Dior and Givenchy parent company reported revenues rose 17 percent toChairman and chief executiveis considered richest man in the world, passing Tesla and Twitter owner Elon Musk, with an estimated net worth of $211 billion. He has added $53 billion to his net worth over the last year, with soaring sales at his luxury brands.
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