LVMH, owner of Louis Vuitton and Dior, and the Kering group, owner of Gucci and Balenciaga, have joined the many pledging hundreds of millions of euros to help rebuild Notre Dame cathedral after a fire partially destroyed the Parisian landmark yesterday, the BBC reports.
SEE ALSO : Kering records close to 30% comp sales growth in 2018, Gucci and Saint Laurent soar
Billionaire Kering CEO François-Henri Pinault has promised €100 million (approximately $113 million), while Bernard Arnault’s LVMH has pledged €200 million (approximately $226 million).
SEE ALSO : Kering leads the way to gender diversity
The money will go toward rebuilding the 850-year-old medieval cathedral, which lost its spire and roof in yesterday’s blaze. Firefighters reported the fire was under control nine hours after it started.