Pledges from French billionaires, businesses and the public sector to help rebuild Notre-Dame cathedral reached nearly 700 million euros (USD 790 million) on Tuesday amid an outpouring of public support for one of Europe's most iconic monuments.
President Emmanuel Macron has vowed the mediaeval monument will be restored after its spire and roof collapsed Monday night in a blaze thought to be linked to extensive renovation work.
French luxury group Kering, whose brands include Yves Saint Laurent and Gucci, kicked off the campaign late Monday with a promise of 100 million euros (USD 113 million).
Kering chief Francois-Henri Pinault said the intricate lattice woodwork supporting the roof that was lost in the blaze had to be replicated.
"This is why it's going to be long, extensive, but we have to do it," he told BBC radio.
That pledge was followed Tuesday by a 200-million-euro pledge from Kering's rival LVMH and the family of its founder Bernard Arnault.
French oil giant Total said it would contribute 100 million euros, and the L'Oreal cosmetics group and its founding Bettencourt family offered 200 million euros.
Other high-profile French donors included the investor Marc Ladreit de Lacharriere with 10 million euros, and construction magnates Martin and Olivier Bouygues, also with 10 million euros.
Among other firms, the Credit Agricole bank gave 5 million, while US private equity investor Henry Kravis has promised USD 10 million.
Corporate contributions are expected to climb, with blue-chip firms like Vinci, Michelin and BNP Paribas also saying they were weighing how to participate.
Air France said it would offer free flights to experts brought in to help with Notre-Dame's renovation.
Pledges were also pouring in from anonymous donors to groups including the privately run French Heritage Foundation, which said it had already secured pledges totalling 3.3 million euros.
On a more modest scale, a fund set up on the Leetchi fundraising platform had topped 26,000 euros by Tuesday afternoon.
France 2 television said it will broadcast a special classical music concert Wednesday night as part of the fundraising effort.
And the French Council of the Muslim Faith also called on French Muslims to help save "an architectural masterpiece that is the honour of our country".
Paris Mayor Anne Hidalgo said the city would unlock 50 million euros, while the government of the greater Paris region promised 10 million.
And French insurer Groupama said it would supply the estimated 1,300 huge oak beams needed to re-create the roof support.
The German and Italian governments have also offered to help in the reconstruction, while Russian President Vladimir Putin offered to send "the best Russian specialists with rich experience in the restoration of national heritage monuments."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
