Riots in France: Looted Brand-Name Goods Already for Sale Online

The riots in France over the weekend included widespread looting of brand-name stores, with some stolen goods already being resold online. Approximately 3,000 stores were damaged, with initial damages estimated in the hundreds of millions of euros. Resale platforms are cooperating with authorities, but experts estimate that not all items can be removed.

The mass riots in France over the weekend included widespread looting of stores, including Apple, North Face, Louis Vuitton, Celine, and Hermès. According to a report in the New York Times, some of the stolen goods are already being offered for resale online. Approximately 3,000 stores were damaged, with initial estimates placing the damage in the hundreds of millions of euros. Resale sites like Vinted have pledged to work with French authorities to identify and remove listings related to the looting. Trade Minister Serge Papin and Digital Minister Anne Le Heneff met with representatives of resale platforms to discuss strengthening cooperation. The Alliance Française des Places de Marché, which represents platforms like eBay and Etsy, said its members agreed to increase monitoring. However, Charlotte de Montpellier of ING Bank estimated that it would be impossible to remove all stolen items due to the scale of the looting. In France, there are fears that if the riots continue, they will harm tourism. Carrefour lowered its profit forecast due to damage to 50 branches. The government approved aid measures for affected businesses, including interest-free loans, wage compensation, and emergency grants.