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NEWS COVERAGE - FRANCE

ECONOMY & BUSINESS NEWS FROM THE PAST WEEK
5th of February 2016
Business Sweden in Paris

INNOVATIVE PROJECTS CHOSEN TO REINVENT PARIS

03/02/2016
The competition Reinvent Paris is an architectural competition that is intended to collect ideas to revitalize parts of
Paris
This week, 22 proposals were selected as winners, out of totally 650 proposals
Examples of projects include; buildings fully made of solid wood, incubators for philanthropy projects, roof-top
restaurants etc.
The 22 projects will imply:
26,300 square meters of land that will be planted in the city
Generation of 560 million euros
6,000 new jobs in the construction industry
1,300 homes, half in social housing
Most project are to be carried out by 2020
In March, the City of Paris will launch "Reinventing the Seine",
a similar operation in the territories between Paris and Le Havre.

SOURCES 1,2
BUSINESS SWEDEN

5 FEBRUARY, 2016

PARIS STILL AMONG THE TOP 5 MOST ATTRACTIVE

CITIES
04/02/2016
The annual survey conducted by KPMG published this week demonstrates:
Paris remains one of the leading global cities in terms of economic attractiveness
However, Paris region has lost two ranks in past year
Paris and its region hosted 126 international investments between October 2014 and September 2015, resulting as nr 5
in the world behind London, Shanghai, New York and Hong Kong, but ahead of Tokyo, Beijing and San Francisco.
By industry, nearly a quarter of investments (24%) concern the software industry
The loss of two ranks probably depends on:
Decline in Asian investments, especially Chinese
Decline in financial services investments
Terror attacks

1.
2.
3.
4.
5.
6.
7.
8.

London
Shanghai
New York
Hong Kong
Paris
Tokyo
Beijing
San Francisco

SOURCES: 3
BUSINESS SWEDEN

5 FEBRUARY, 2016

SHARP RISE FOR THE FRENCH LUXURY GROUP LVMH

04/02/2016
Tuesday February 2nd: CEO of LVMH, Bernard Arnault announced new records for 2015.
The year was marked by sustained growth in Europe, the USA and Japan, "despite a mixed global economic
environment and geopolitical tensions," said Mr. Arnault.
The group's turnover increased by 16% last year, to 35.7 billion euros
Wednesday morning, the price of LVMH gained more than 6% on Euronext Paris.
However, LVMH sales of luxury goods in Asia (excluding Japan) declined further last year by 5%
The group suffered particularly in Hong Kong and Macau
Although, sales of wines and spirits are finally rising again in China

SOURCES: 4,5
BUSINESS SWEDEN

5 FEBRUARY, 2016

SOURCES
1.

http://www.lesechos.fr/politique-societe/regions/021669596563-paris-reinvente-22-sites-a-grands-coups-dinnovation1197431.php#

2.

http://business.lesechos.fr/entrepreneurs/startup/021666289862-1-2-milliard-d-euros-reunis-pour-l-innovation206908.php

3.

http://www.lesechos.fr/politique-societe/regions/021672322686-attractivite-paris-dans-le-top-cinq-mondial-malgre-lesattentats-1197753.php

4.

http://abonnes.lemonde.fr/economie/article/2016/02/03/malgre-le-ralentissement-en-chine-lvmh-enregistre-uneactivite-en-forte-hausse_4858407_3234.html

5.

http://www.lesechos.fr/journal20160203/lec2_industrie_et_services/021666202686-luxe-lvmh-fait-mieux-que-lemarche-mondial-1197249.php

BUSINESS SWEDEN

5 FEBRUARY, 2016