LVMH Moët Hennessy Louis Vuitton, the luxury brand conglomerate, has acquired a majority stake in the renowned Parisian restaurant Chez L'Ami Louis. Known for its traditional French cuisine, including snails and foie gras, the restaurant has been a favorite among Hollywood stars since its founding in 1924. The acquisition aligns with LVMH's strategy to expand its portfolio of luxury experiences. Europe's richest man, Bernard Arnault, who leads LVMH, has shown a personal interest in the bistro, which is one of Paris's most famous dining establishments.
Luxury brand LVMH is making a majority #investment in Chez l’Ami Louis, the old school Parisian restaurant known for serving snails and being a favorite destination of Hollywood stars, writes @Bloomberg. The restaurant, founded in 1924, will join LVMH Moët Hennessy Louis Vuitton… https://t.co/naTJA89Qsj
Europe's richest man liked this Paris bistro so much his company bought it https://t.co/LnyTc38w2v
LVMH goes fois gras as group buys famous Paris bistrot https://t.co/ZWE4qGCgAC https://t.co/ozTj2vpSiV
LVMH is buying one of the most famous restaurants in Paris https://t.co/cZ3zVQER19
LVMH has acquired the Paris restaurant Chez L'Ami Louis. And so the tentacles extend....
! *LVMH BUYS MAJORITY STAKE IN PARIS RESTAURANT CHEZ L'AMI LOUIS
Can't wait for Erewhon to go public with an $LVMH multiple (h/t @beingjameson) https://t.co/Az7MRe0UlR