High Margin: Kering Sales, Smash-and-Grab Theft and Paris Art Week

Hello from Paris, where the Louvre reopened this morning three days after a jewel heist that shocked the world. The French crown jewels were plundered in a seven-minute operation — calling into question the institution’s ability to protect the country’s patrimoine (including priceless artefacts taken from around the world).

While the historic and cultural value of the stolen artefacts is staggering in this case, I’m reminded that museums aren’t the only ones being targeted by…