France’s biggest businesses are starting to feel the pressure from civil unrest in the nation’s capital, Paris.
Since March, a wave of protests and strikes in response to President Emmanuel Macron’s pension reforms have made international headlines. And just last Tuesday, the fatal shooting of a teenager by a police officer sparked a full week of riots that have already caused more than $1.1 billion worth of damage, according to France’s largest business association, MEDEF. Analysts at the research group Bernstein are now warning that the country’s biggest luxury brands—and its entire tourism sector—could now face “a material impact” on third-quarter sales as a result of the demonstrations. Read more at Robb Report.