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Old December 3rd, 2018 #11
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'Yellow vest' protests knock wind out of French economy

Saturday's protests in Paris turned particularly violent, with protesters from the far-right and far-left mixing with the "yellow vests" and intent on causing as much damage as possible.

The Arc de Triomphe was defaced and avenues off Paris's Champs Elysees were the scene of mass-vandalism.

Shops on the Champs Elysees and in the heart of Paris, including the Apple store and Dior and Chanel boutiques, had their windows smashed. Some others were looted. Prestigious Parisian department stores Printemps and Galeries Lafayette protectively shut their doors on Saturday afternoon.

Luxury groups such as SMCP, Hermes and LVMH, which are heavily dependent on foreign tourists visiting Paris during the Christmas season are likely to suffer, said Berenberg analysts in a report.