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Louis Vuitton and Gucci owners pledge more than $300 million to rebuild Notre Dame after fire

Lucy Handley

Two of France's richest people have pledged 300 million euros ($338.7 million) collectively to rebuild the Notre Dame Cathedral in Paris, which was severely damaged in a fire Monday night. François-Henri Pinault, whose Artemis holding company owns a controlling stake in luxury group Kering KER-FR , pledged 100 million euros, while Bernard Arnault , chair of LVMH MC-FR , gave 200 million euros. Kering owns labels such as Gucci, Saint Laurent and Alexander McQueen, while LVMH's star brands include Louis Vuitton, Christian Dior and Moet & Chandon champagne.