LVMUY LVMH Moet Hennessy Louis Vuitton SA (PK)

By Nick Kostov and Stacy Meichtry

PARIS--Protesters stormed the headquarters of luxury conglomerate LVMH Moet Hennessy Louis Vuitton on Thursday as the nationwide protest movement against President Emmanuel Macron's pension overhaul morphed into a populist rebuke of France's establishment.

Video footage captured a crowd of people waving flares and banners as they forced their way through the entrance of the luxury group's headquarters on the Avenue Montaigne in Paris. Another video clip shows the crowd proceeding up an escalator to a reception area that leads to higher floors where Bernard Arnault, the world richest man, has offices along with other top executives.

People at the headquarters said the intruders didn't stay long in the building. Protesters had cleared out of the area by the early afternoon.

Weekly protests have raged across France for months as Mr. Macron has forged ahead with his plans to raise the country's retirement age to 64 from 62 by 2030.

Shares in LVMH, the owner of Louis Vuitton, Dior, and Tiffany & Co, jumped to set a record high in Paris trading, further cementing the company's position as the world's largest luxury goods company and Europe's biggest stock by market capitalization. It was valued at just under $480 billion during Thursday's trading.

Write to Nick Kostov at nick.kostov@wsj.com and Stacy Meichtry at stacy.meichtry@wsj.com

(END) Dow Jones Newswires

April 13, 2023 08:16 ET (12:16 GMT)

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