French luxury conglomerate LVMH has added a tiny Parisian bistro to its sprawling empire of designer fashion brands, jewelry makers and hotels.
The company, owned by Europe’s richest man Bernard Arnault, said Thursday that it had bought a majority stake in Chez L’ami Louis, a 100-year-old restaurant in central Paris, described by LVMH as an “authentic Parisian gem.”
“LVMH will work to preserve the unique character and family identity of the restaurant and continue to support its French savoir-faire and expertise,” it said in a press release. It did not disclose the size
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