After months of waiting, the board of directors of the Polytechnique school has accepted the sale of a piece of land to the LVMH group, to create a research laboratory.
Despite protests, the institution’s board of directors today validated the project of the French luxury goods leader, located on the Saclay plateau in Palaiseau (Essonne). An article was published last September on the website of the newspaper Le Monde by Polytechnique students, who protested against this future new research center planned by Lvmh.
This decision paves the way for the sale of this 30,000 square meter site to LVMH, which wishes to create a global research center dedicated to sustainable and digital luxury. By 2026, it wants to build a 22,000 square meter building, where 300 employees and researchers will be centralized, whose goal will be to work on the protection of the planet and luxury. The amount of the operation would exceed 100 million euros, according to the group of Bernard Arnault.
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