LVMH : completes the acquisition of iconic Paris restaurant ‘Chez L'Ami Louis’
June 25, 2024 at 06:08 pm IST
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LVMH is delighted to announce a majority investment in the famous Parisian restaurant 'Chez L'Ami Louis', which will celebrate its centenary this year and joins the LVMH Hospitality Excellence division. Since its opening, this iconic restaurant has been a symbol of tradition and conviviality for Parisians and visitors to the city.
Located in the heart of Paris and founded in 1924, 'Chez L'Ami Louis' is an authentic Parisian gem that contributes to the timeless charm of the French capital. The restaurant remains true to its identity and to its clientele of loyal customers, curious visitors and gastronomists eager to enjoy traditional French dishes in a warm and friendly atmosphere.
This Parisian institution, which has long remained in the same family, has built its reputation around the generosity of its dishes and the exceptional quality of its ingredients. Produce is sourced from small breeders and market gardeners who have been loyal to the restaurant for several generations.
Over the years, "Chez L'Ami Louis" has acquired an unprecedented atmosphere and popularity among Parisians, becoming a go-to destination for those seeking an authentic culinary experience in the capital. This Parisian charm has also won over many French and foreign celebrities, who never miss an opportunity to lunch or dine there.
LVMH will work to preserve the unique character and family identity of the restaurant and continue to support its French savoir-faire and expertise.
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LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (48.9%): brands such as Louis Vuitton, Kenzo, Celine, Fendi, Marc Jacobs, Givenchy, etc.;
- watches and jewels (12.8%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (9.6%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (7.7%): champagnes (Moët & Chandon, Mercier, Veuve Clicquot Ponsardin, Dom Pérignon brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining sales (21%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2023, products are marketed via a network of 6,097 outlets located throughout the world.
Net sales are distributed geographically as follows: France (7.9%), Europe (16.4%), Japan (7.3%), Asia (30.8%), the United States (25.3%) and other (12.3%).
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