At the moment it is five floors of raw concrete with floor-to-ceiling windows looking onto the square. Bernard Arnault, the chief executive of LVMH Moët Hennessy Louis Vuitton, was busy taking photos of the view with his iPhone. Fashion, after all, is in the midst of its own renovation. And no one has figured out what it means for glossy magazines. But everyone is watching as the girders go up.

Source: New York Times October 05, 2016 14:26 UTC