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Why France’s Louvre Museum is looking East to help fund its €1 billion transformation

To offset the costs of a major upgrade, Christophe Leribault, president of the Louvre Museum, would ‘love to have some sponsors from Asia’

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The Louvre Pyramid, designed by I.M. Pei, in 2025. The Louvre Nouvelle Renaissance project has been proposed to resolve overcrowding and reimagine the visitor experience at Paris' Louvre Museum. Photo: Reuters
Enid Tsui
Christophe Leribault, president of the Louvre Museum, is encouraging Asian art lovers to help fund a more than €1 billion (US$1.2 billion) architectural overhaul aimed at easing overcrowding and transforming the visitor experience at the Paris landmark.

Leribault arrived in Hong Kong on September 9, fresh from opening a Renaissance exhibition in Tokyo that featured Leonardo da Vinci’s rarely loaned La Belle Ferronniere (circa 1490).

Speaking at the French consulate in Hong Kong, he outlined his strategy for leading the world’s most visited museum out of a crisis. Leribault took office in February 2026, after his predecessor, Laurence des Cars, resigned under intense pressure following a catastrophic heist in which thieves stole French crown jewels valued at around US$100 million from the institution in 2025.
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