Billionaire François-Henri Pinault says "understand" the movement

If he believes that "the ecological transition must not be called into question", the billionaire François-Henri Pinault said, this Wednesday morning at the microphone of RTL, "understand"
the "yellow vests".

#GiletsJaunes : "If we oppose the ecological transition, an absolute necessity, to the purchasing power, it is doomed to failure.We can not make this transition to the detriment of the most modest": François-Henri Pinault @KeringGroup in #RTLMatin with @EliMartichoux pic.twitter.com/3k1leuKBv4

– RTL France (@RTLFrance) November 28, 2018

For François-Henri Pinault, whose family is the third fortune of France with 23 billion euros in 2018, the ecological transition can not be done "to the detriment of the purchasing power of the most modest". If the billionaire, at the head of the luxury empire Kering founded by his father François Pinault,
admitted to having been "surprised by the scale of the movement", he said "understand" "yellow vests".

Do not "challenge" the ecological transition

"We are already in a country where inequalities are high, if inequality increases and you have no prospects of progressing socially and your purchasing power mechanically decreases, it is unbearable," added the CEO of Kering.

The CEO, who must benefit from an exceptional remuneration of 5.8 million euros for 2018, however says "trust" the government and believes that we must "especially not question" the ecological transition.

Violence that is not "the fact of yellow vests"

François-Henri Pinault, who is expected to receive in 2018 nearly 5.8 million euros as CEO of the luxury group, condemned the violence that occurred on the sidelines of demonstrations Saturday in Paris, stating that
"Some stores (his group) at the beginning of Avenue Montaigne and Avenue Montaigne were impacted".

But for the boss of the Kering group, which owns the brands such as Gucci, Yves Saint Laurent and Balenciaga, the violence "was not the case of yellow vests".