French billionaire pledges €100 mil to help rebuild Notre-Dame

Kering Group CEO Francois-Henri Pinault. (AFP pic)

PARIS: French billionaire Francois-Henri Pinault pledged 100 million euros (US$113 million) on Monday towards the rebuilding of Notre-Dame Cathedral in Paris, which was partly gutted by a devastating fire.

In a statement sent to AFP the CEO of the Kering Group, which owns Gucci and Yves Saint Laurent fashion houses, said the money towards “the effort necessary to completely rebuild Notre-Dame” would be paid by the Pinault family’s investment firm Artemis.