Is the revival of Paris in peril?
The French election threatens a remarkable commercial renaissance
In recent years Paris has undergone an astonishing revival. Global businessmen, financiers and techies casually drop into conversation that they are spending more time in the City of Light. Wall Street banks have expanded their offices there; venture capitalists are signing more cheques for French startups. An annual investment summit, held in May at the nearby Palace of Versailles, has become a fixture in chief executives’ calendars. This year, as they sipped champagne with France’s president, Emmanuel Macron, company bosses pledged investment projects worth €15bn ($16bn).
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This article appeared in the Business section of the print edition under the headline “Can the City of Light keep its sparkle?”
Business June 29th 2024
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