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French Luxury by the Numbers

French Luxury by the Numbers

1664
Jean-Baptiste Colbert launched a state-backed manufacturing system to build France’s luxury and industrial base. The same year, Manufacture de Beauvais was founded to develop French tapestry production and reduce reliance on imports.
 
1837
The year Hermès was founded by Thierry Hermès as a maker of equestrian gear for Europe’s aristocracy.

1945
The year France formally codified the modern haute couture system, legally protecting the designation “haute couture.”
 
1954
The year Jean-Jacques Guerlain, heir of the perfume brand, founded Comité Colbert to bring together the country’s leading luxury houses to collectively promote French art de vivre.
 
96
The number of maisons that are currently members of the Comité Colbert, plus an additional 17 cultural institutions.
 
1984
The year Hermès introduced the Birkin bag, now one of the world’s most coveted luxury accessories.
 
11
Number of artisan maisons d’art housed inside Chanel’s le19M craftsmanship hub in Paris.
 
20 hours
Approximate time required to handcraft a single Hermès Birkin bag.
 
2.3 billion euros
Value of French handbag exports in the first quarter of 2025 alone, according to industry trade data reported by Leatherbiz.
 
4 billion euros
Price agreed for L’Oréal to acquire Kering Beauté in 2025.
 
4.5 billion euros
Estimated value of French luxury goods exported to the United States in 2024.
 
15.6 billion euros
2025 sales at L’Oréal Luxe, home to upscale brands including Lancôme, Yves Saint Laurent Beauté, and Prada Beauty.
 
20 percent
Share of France’s CAC 40 index represented by the combined market value of LVMH, Hermès, and Kering in 2023.
 
80.8 billion euros
Revenue posted by LVMH in 2025, maintaining its position as the world’s largest luxury group.
 
500 billion euros
Combined market capitalization recently reached by LVMH, Hermès, and Kering.
 
And finally …

Number One
The United States remains the single most important export market for French luxury houses.

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Let There Be Luce: The Electric Ferrari Is Finally Here<div><p><span class="lead-in-text-callout">We have been</span> waiting for the Ferrari Luce for eight years.</p><p class="paywall">It was January 2018 when, at the North American International Auto Show in Detroit, former <a href="https://www.wired.com/tag/ferrari/" class="text link">Ferrari</a> chairman and CEO Sergio Marchionne first hinted at a “prancing horse” <a href="https://www.wired.com/tag/evs-and-hybrids/" class="text link">EV</a> to compete with <a href="https://www.wired.com/tag/tesla/" class="text link">Tesla</a>.</p><p class="paywall">“If there is an electric supercar to be built, then Ferrari will be the first,” <a data-offer-url="https://www.bloomberg.com/news/articles/2018-01-16/ferrari-has-plans-to-make-an-electric-supercar-marchionne-says" class="external-link text link" data-event-click="{"element":"ExternalLink","outgoingURL":"https://www.bloomberg.com/news/articles/2018-01-16/ferrari-has-plans-to-make-an-electric-supercar-marchionne-says"}" href="https://www.bloomberg.com/news/articles/2018-01-16/ferrari-has-plans-to-make-an-electric-supercar-marchionne-says" rel="nofollow noopener" target="_blank">Marchionne said</a>. “People are amazed at what Tesla did with a supercar: I’m not trying to minimize what <a href="https://www.wired.com/tag/elon-musk/" class="text link">Elon</a>, did but I think it’s doable by all of us.”</p><p class="paywall">Well, Ferrari has not been the first. But it has certainly taken the award for most anticipated EV launch ever, what with the drip-feed strategy of an initial model “nickname” of Elettrica, then last October’s <a href="https://www.wired.com/story/ferrari-reveals-its-electric-powerhouse-and-what-could-finally-be-real-ev-sound/" class="text link">powertrain reveal</a>, then, in February, the Apple-esque <a href="https://www.wired.com/story/ferrari-ev-jony-ive-design/" class="text link">LoveFrom-designed interior</a> spearheaded by Jony Ive and Marc Newson.</p><p class="paywall">Today’s reveal of the exterior in Rome by Ferrari ends the secrecy and completes the process. This is the Luce (Italian for “light”), the most consequential thing Maranello has made in decades.</p><figure class="AssetEmbedWrapper-iJvQnD cOWUYC asset-embed"><div class="AssetEmbedAssetContainer-fnduJP iaVSwI asset-embed__asset-container"><span class="SpanWrapper-kFnjvc eKnjjD responsive-asset AssetEmbedResponsiveAsset-gaAbQ hXaxHA asset-embed__responsive-asset"><picture class="ResponsiveImagePicture-jKunQM gjCCFj AssetEmbedResponsiveAsset-gaAbQ hXaxHA asset-embed__responsive-asset responsive-image"><img alt="Image may contain Car Transportation and Vehicle" loading="lazy" class="ResponsiveImageContainer-dkeESL cQPiWi responsive-image__image" srcset="https://media.wired.com/photos/6a14b4d866e5064887e25b97/master/w_120,c_limit/Ferrari_Luce_Overhead25389rt_v4_Media.jpg 120w, https://media.wired.com/photos/6a14b4d866e5064887e25b97/master/w_240,c_limit/Ferrari_Luce_Overhead25389rt_v4_Media.jpg 240w, https://media.wired.com/photos/6a14b4d866e5064887e25b97/master/w_320,c_limit/Ferrari_Luce_Overhead25389rt_v4_Media.jpg 320w, https://media.wired.com/photos/6a14b4d866e5064887e25b97/master/w_640,c_limit/Ferrari_Luce_Overhead25389rt_v4_Media.jpg 640w, https://media.wired.com/photos/6a14b4d866e5064887e25b97/master/w_960,c_limit/Ferrari_Luce_Overhead25389rt_v4_Media.jpg 960w, https://media.wired.com/photos/6a14b4d866e5064887e25b97/master/w_1280,c_limit/Ferrari_Luce_Overhead25389rt_v4_Media.jpg 1280w, https://media.wired.com/photos/6a14b4d866e5064887e25b97/master/w_1600,c_limit/Ferrari_Luce_Overhead25389rt_v4_Media.jpg 1600w" sizes="100vw" src="https://media.wired.com/photos/6a14b4d866e5064887e25b97/master/w_1600%2Cc_limit/Ferrari_Luce_Overhead25389rt_v4_Media.jpg"/></picture></span></div><p><span class="BaseText-fEwdHD CaptionCredit-cUgOGk iQbGEh hRFzlA caption__credit">Courtesy of Ferrari</span></p></figure><p class="paywall">The numbers are suitably high-end. Four motors, one per wheel, have a combined output of over 1,000 horsepower in Boost mode. The rear axle puts out 832 hp and 7,750 Nm to the wheels. The front axle adds 282 hp and 3,400 Nm. Full power is available in less than a second. Zero to 62 mph is dealt with in 2.5 seconds, then on to a top speed of 192 mph. This is effectively a hypercar in a GT disguise with five seats (a first for Ferrari).</p><p class="paywall">The 122 kWh battery—one of the largest in any production EV—charges at up to 350 kW on an 800-volt system. Ferrari is claiming this battery gives the Luce a range of more than 329 miles per charge. The all-wheel drive and steering are inspired by the Purosangue SUV. Ferrari has confirmed a curb weight of 4,982 pounds, or 2,260 kg, which is only around 200 pounds more than the Purosangue, despite that thumping great battery pack.</p><figure class="AssetEmbedWrapper-iJvQnD cOWUYC asset-embed"><div class="AssetEmbedAssetContainer-fnduJP iaVSwI asset-embed__asset-container"><span class="SpanWrapper-kFnjvc eKnjjD responsive-asset AssetEmbedResponsiveAsset-gaAbQ hXaxHA asset-embed__responsive-asset"><picture class="ResponsiveImagePicture-jKunQM gjCCFj AssetEmbedResponsiveAsset-gaAbQ hXaxHA asset-embed__responsive-asset responsive-image"><img alt="Image may contain Machine Wheel Alloy Wheel Car Car Wheel Spoke Tire Transportation Vehicle and Limo" loading="lazy" class="ResponsiveImageContainer-dkeESL cQPiWi responsive-image__image" srcset="https://media.wired.com/photos/6a14b4e8f0bb8ad02f42f3c7/master/w_120,c_limit/Luce_26rtv4_Lightson_6000x3375.jpg 120w, https://media.wired.com/photos/6a14b4e8f0bb8ad02f42f3c7/master/w_240,c_limit/Luce_26rtv4_Lightson_6000x3375.jpg 240w, https://media.wired.com/photos/6a14b4e8f0bb8ad02f42f3c7/master/w_320,c_limit/Luce_26rtv4_Lightson_6000x3375.jpg 320w, https://media.wired.com/photos/6a14b4e8f0bb8ad02f42f3c7/master/w_640,c_limit/Luce_26rtv4_Lightson_6000x3375.jpg 640w, https://media.wired.com/photos/6a14b4e8f0bb8ad02f42f3c7/master/w_960,c_limit/Luce_26rtv4_Lightson_6000x3375.jpg 960w, https://media.wired.com/photos/6a14b4e8f0bb8ad02f42f3c7/master/w_1280,c_limit/Luce_26rtv4_Lightson_6000x3375.jpg 1280w, https://media.wired.com/photos/6a14b4e8f0bb8ad02f42f3c7/master/w_1600,c_limit/Luce_26rtv4_Lightson_6000x3375.jpg 1600w" sizes="100vw" src="https://media.wired.com/photos/6a14b4e8f0bb8ad02f42f3c7/master/w_1600%2Cc_limit/Luce_26rtv4_Lightson_6000x3375.jpg"/></picture></span></div><p><span class="BaseText-fEwdHD CaptionCredit-cUgOGk iQbGEh hRFzlA caption__credit">Courtesy of Ferrari</span></p></figure></div>#Luce #Electric #Ferrari #Finallyferrari,electric vehicles,sports cars,design,evs and hybrids

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