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La Défense, Europe's largest business district
La Défense is home to no less than 1500 corporate head offices, including those of 15 of the top 50 companies in the world, which makes it the biggest business center in Europe. Situated at the far end of the historic Parisian axis passing by the Louvre, the Champs-Elysées and the Arc de Triomphe, it is also a busy shopping area and is very well served by public transport. Since 2009, Defacto - a state-owned local institution - is responsible for the management, coordination and promotion of this district.