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鈥檚 richest man Bernard Arnault, said Thursday that it had bought a majority stake in Chez L鈥檃mi Louis, a 100-year-old restaurant in central Paris, described by LVMH as an 鈥渁uthentic Parisian gem."
鈥淟VMH will work to preserve the unique character and family identity of the restaurant and continue to support its French savoir-faire and expertise,鈥 it said in a press release. It did not disclose the size of its stake nor the value of the deal.
The classic bistro 鈥 famed for its roast chicken, mounds of thin, crispy fries, and plates of sizzling snails 鈥 has hosted Bill Clinton and Martin Scorsese, as well as David and Victoria Beckham, according to a source familiar with the deal. The source requested anonymity because they were not authorized to speak publicly about the matter.
If that wasn鈥檛 endorsement enough, the restaurant has also earned Gwyneth Paltrow鈥檚 seal of approval. Her lifestyle company Goop Chez L鈥檃mi Louis on its website as 鈥渙ne of the best, most venerable bistros in Paris.鈥
鈥淚t is small and wood-paneled, with an ancient oven and a sick wine list,鈥 Goop gushed.
LVMH said in its press release that the bistro sources its produce from small breeders and market gardeners 鈥渨ho have been loyal to the restaurant for several generations.鈥
CNN could not reach Chez L鈥檃mi Louis for comment Friday.
The front of Chez L'ami Louis in Paris. (LVMH via CNN Newsource)
Arnault has also dined at the Parisian restaurant, the source close to the deal told CNN, adding that the billionaire is passionate about preserving parts of the city鈥檚 cultural 鈥渋dentity and expression.鈥
LVMH and Arnault pledged 鈧200 million (US$226 million) in 2019 to help after fire devastated the 850-year-old church. The families behind L鈥橭real and Kering also made big donations.
There is a risk, the source added, that when the historical owners of culturally important venues such as Chez L鈥檃mi Louis move on, new investors swoop in and transform them 鈥渋nto something that is very far from (the original) identity.鈥
Arnault, the world鈥檚 third-richest man after Jeff Bezos and Elon Musk, is worth an estimated US$199 billion, according to the .
In recent years, LVMH, which owns Dior and Louis Vuitton among other designer brands, has beefed up its portfolio of hospitality venues. In 2019, the company Belmond, which owns hotels and organizes luxury rail and river cruises, in a US$3.2 billion deal.
Earlier this month, LVMH 鈥渁 strategic investment鈥 in the Orient Express, a brand offering luxury train travel owned by French hospitality firm Accor.
A raspy, sometimes halting U.S. President Joe Biden repeatedly sought to confront Donald Trump in their first debate ahead of the November election, as his Republican rival countered Biden鈥檚 criticism by leaning into falsehoods about the economy, illegal immigration and his role in the Jan. 6, 2021, Capitol insurrection.
U.S. President Joe Biden and former president Donald Trump went head-to-head in the first of two planned presidential debates.
President Joe Biden and former President Donald Trump traded barbs and a variety of false and misleading information as they faced off in their first debate of the 2024 election.
A B.C. condo owner who was fined tens of thousands of dollars over hundreds of noise complaints made by his downstairs neighbour was partially successful in having the penalties overturned.
A report by Canada's financial watchdog obtained by the Investigative Journalism Foundation working in collaboration with CTV News looked at Canadian lawyers' potential role in money laundering schemes, including those by organized crime groups like biker gangs and drug cartels.
The Canada Revenue Agency says it is ramping up efforts to recover overpayments of pandemic-related benefits.
For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it鈥檚 a matter of life or death.
The federal government ordered binding arbitration in the labour dispute between WestJet and the Aircraft Mechanics Fraternal Association (AMFA) on Thursday.
Ottawa police are going as far as to tell people to stay away from Facebook Marketplace altogether when looking for a place to rent because of the prevalence of scams.
A 23-year-old man has died of his injuries after multiple shots were fired at a housing complex in North York's Shawnee Park area overnight.
A B.C. condo owner who was fined tens of thousands of dollars over hundreds of noise complaints made by his downstairs neighbour was partially successful in having the penalties overturned.
A judge dismissed all sexual misconduct charges against a Newfoundland lawyer Thursday, saying repeated inconsistencies and falsehoods in the complainant's accounts eroded her credibility and left him unable to believe her allegations.
Winnipeg police say the occupants of a home that exploded in the Transcona neighbourhood on Wednesday were not there at the time of the blast.
Calgary Mayor Jyoti Gondek issued a stern warning to residents on Thursday morning about curbing their water use, saying consumption levels have continued to creep up over the past several days.
Nova Scotia Justice Minister Barbara Adams says the province's police watchdog is in talks with a civilian agency that may be willing to investigate the role of police in the wrongful murder conviction of Glen Assoun.
The former Uvalde schools police chief was indicted over his role in the slow police response to the 2022 massacre at a Texas elementary school that left 19 children and two teachers dead, the local sheriff said Thursday.
The murder trial of Bryan Kohberger, the criminology grad student accused of fatally stabbing four University of Idaho students in 2022, is set to begin June 2, 2025, according to a scheduling order filed in court.
Bolivian President Luis Arce on Thursday angrily called accusations that he was behind an attempted coup against his government 'lies,' saying the general who apparently led it acted on his own and vowing that he would face justice.
Oklahoma executed a man Thursday who was convicted of kidnapping, raping and killing a 7-year-old girl in 1984.
A raspy, sometimes halting U.S. President Joe Biden repeatedly sought to confront Donald Trump in their first debate ahead of the November election, as his Republican rival countered Biden鈥檚 criticism by leaning into falsehoods about the economy, illegal immigration and his role in the Jan. 6, 2021, Capitol insurrection.
Did Karen Read kill her police officer boyfriend by slamming into him with her Lexus and then leaving him to die in a brewing snowstorm after a night out drinking?
So-called godfather of AI Geoffrey Hinton says he's 'pleased' governments are starting to take artificial intelligence, and the possible regulations of it, seriously.
Ottawa plans to expand eligibility for the federal dental program today to include children under the age of 18 and people who receive a disability tax credit.
A new report from the federal agency shows that between 2016 and 2020, 23 per cent of foreign workers had become permanent residents two years after obtaining their first work permits.
CHEO has announced that Alex Munter is stepping down as the president and CEO of eastern Ontario's children's hospital to take on a new role as the CEO of the Canadian Medical Association.
Chicago native Jeffrey Odwazny says he has been addicted to ultraprocessed food since he was a child. 'I was driven to eat and eat and eat, and while I would overeat healthy food, what really got me were the candies, the cakes, the pies, the ice cream,' said the 54-year-old former warehouse supervisor.
Alzheimer鈥檚 disease may be inherited more often than previously known, according to a new study that paints a clearer picture of a gene long known to be linked to the common form of dementia.
Has your iPhone screen cracked, or does your MacBook battery not charge like it used to? Instead of sending it in to an Apple repair centre or scheduling an appointment with a Genius Bar, Canadians will soon be able to fix their own devices at home.
White-nose syndrome has been found in bats in the largest known hibernation area in the province.
The Center for Investigative Reporting said Thursday it has sued ChatGPT maker OpenAI and its closest business partner, Microsoft, marking a new front in the legal battle between news publications fighting against unauthorized use of their content on artificial intelligence platforms.
Competitive eater Joey 'Jaws' Chestnut will take his hot dog-downing talents to an army base in Texas for America's Independence Day this year after a falling out with organizers of the event that made him famous, the annual 4th of July eating contest in Brooklyn's Coney Island.
Singer, songwriter, satirist and novelist Kinky Friedman, who led the alt-country band Texas Jewboys, toured with Bob Dylan, sang with Willie Nelson, and dabbled in politics with campaigns for Texas governor and other statewide offices, has died.
Killer Mike is expected to avoid charges over a physical altercation that led to his arrest at the Grammys earlier this year after the rapper recently completed community service.
Federated Co-operatives Limited (FCL) is investigating after suffering what it calls a "cybersecurity incident."
The federal government ordered binding arbitration in the labour dispute between WestJet and the Aircraft Mechanics Fraternal Association (AMFA) on Thursday.
The Canada Revenue Agency says it is ramping up efforts to recover overpayments of pandemic-related benefits.
The world's largest hockey stick could soon become the world's most in-pieces hockey stick as a Vancouver Island community prepares to tear down and carve up the Canadian landmark.
Six-year-old Bruce Arthur Chang is the new grand champion of Canada in the UCMAS math competition, and says he is hoping to make a mark on the international stage.
Estelle Savoie and Linda Philipert have been best friends for 43 years and decided to commemorate their friendship by recreating a photo shoot they did in 1984.
Bronny James 鈥 the oldest son of the NBA's all-time scoring leader and four-time champion 鈥 was drafted Thursday by the Los Angeles Lakers, the team that his father has played for since 2018. Bronny James was taken with the No. 55 overall pick, deep in the second round and with only three picks remaining in this year's draft.
A jury in U.S. District Court ordered the NFL to pay nearly US$4.8 billion in damages Thursday after ruling that the league violated antitrust laws in distributing out-of-market Sunday afternoon games on a premium subscription service.
Ken Holland is out as Edmonton Oilers president of hockey operations and general manager. He joined the Oilers in May 2019 and his contract ends this Sunday.
Several stolen vehicles believed to have been used in organized and serious crime, including one homicide, have been found in Alberta during an investigation into an auto theft ring.
Data from Statistics Canada suggests that a vehicle is stolen every five minutes in the country. Now, police are investigating whether there's a connection between when and where a vehicle was last serviced, and the date it was stolen, they revealed to CTV National News.
Ontario drivers in good standing won鈥檛 have to worry about renewing their licence plates starting Canada Day.
For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it鈥檚 a matter of life or death.
The Winnipeg Art Gallery- Qaumajuq recently discovered that one piece in its collection is a fake and part of a massive art forgery ring that included more than 1,500 pieces.
Six-year-old Bruce Arthur Chang is the new grand champion of Canada in the UCMAS math competition, and says he is hoping to make a mark on the international stage.
Harold Brenton Anderson, who wore high heels for decades in Halifax and loved to travel, has died.
An Ottawa cat has morphed into a TikTok star, as he's slimming down from weighing 43 pounds.
Bill Neald is still living out his passion of playing baseball at the age of 90 in Regina鈥檚 Senior Mixed Slo-Pitch League.
A Bracebridge man who died trying to save a distressed swimmer nearly four years ago is being recognized among 18 others for their extraordinary acts of heroism.
For the first time in two years, a model of the RMS Titanic will return to the Halifax Public Gardens, thanks in part to public demand.
A decision to quietly remove a decades-old Heritage Minute on Louis Riel has left some in the M茅tis community scratching their heads, as questions are raised about how Canada's history is portrayed.
A B.C. condo owner who was fined tens of thousands of dollars over hundreds of noise complaints made by his downstairs neighbour was partially successful in having the penalties overturned.
Concerned citizens from the North Shore have formed a fact-finding team to figure out why the cost of Metro Vancouver鈥檚 new wastewater treatment plant has skyrocketed to $3.86 billion, and who is to blame.
With a potential funding gap of hundreds of millions of dollars looming, TransLink has released a new $90 million cost-cutting plan.
With a week left until thousands of LCBO workers could walk off the job, the Crown corporation has announced that it will close all its retail stores for 14 days if no deal is reached by July 5.
Ontarians heading outdoors this summer are likely well-versed on the potential risk of Lyme disease that comes with a tick bite. But there are three other pathogens that can be transmitted by blacklegged ticks that public health officials want you to know about 鈥 and confirmed cases have already been reported in Ontario.
U.S. President Joe Biden and former president Donald Trump are set to go head-to-head tonight in the first of two planned presidential debates. Here's how to watch the CNN Presidential Debate, Power Play's pre- and post-debate specials, and follow along in our real-time CTVNews.ca live expert analysis and commentary by debate and body-language experts.
A potential strike by WestJet airplane mechanics would upend travel plans for 250,000 customers over the Canada Day long weekend, the airline says 鈥 and cost it millions of dollars.
The United Conservative Party has come out swinging at new Alberta NDP Leader Naheed Nenshi in a series of attack ads.
Police say a 19-year-old man critically injured after being hit by a vehicle in northeast Calgary on Tuesday is dead.
Ottawa police are going as far as to tell people to stay away from Facebook Marketplace altogether when looking for a place to rent because of the prevalence of scams.
CHEO has announced that Alex Munter is stepping down as the president and CEO of eastern Ontario's children's hospital to take on a new role as the CEO of the Canadian Medical Association.
The provincial government has announced it will be spending close to $1 billion to refurbish eight hydroelectric generating stations in eastern Ontario.
The pond sector at the Mont-Saint-Bruno Provincial Park is closed after a woman died after a tree fell on her on the Grand-Duc trail on Thursday.
The stage is set for the 44th edition of the Montreal International Jazz Festival. Over the next 10 days there will be 350 concerts taking place in the heart of downtown, the majority of them free.
Nine people have suffered minor injuries after an STM river shuttle collided with another boat on the St. Lawrence River near Ile-Charron.
Edmonton police are investigating a death following a collision in the city's southwest.
U.S. President Joe Biden and former president Donald Trump went head-to-head in the first of two planned presidential debates.
Ken Holland is out as Edmonton Oilers president of hockey operations and general manager. He joined the Oilers in May 2019 and his contract ends this Sunday.
A large basking shark was captured close to the shoreline on Nova Scotia's Eastern Shore.
A three-vehicle collision has closed part of Highway 1 in Mount Uniacke, N.S., Thursday morning.
An Elderbank, N.S., couple plans to buy a new electric car and a four-wheeler after winning $500,000 from Atlantic Lottery.
Winnipeg police say the occupants of a home that exploded in the Transcona neighbourhood on Wednesday were not there at the time of the blast.
A sigh of relief for Winnipeg community groups concerned about the amount of money available to them through the city's community grants program.
A sentencing hearing is underway for a Manitoba doctor found guilty of sexually assaulting multiple patients over several years.
Thursday marked day four of the trial of Jeffrey Dumba, a former Regina teacher who is accused of sexually exploiting a 15-year-old female student.
Federated Co-operatives Limited (FCL) is investigating after suffering what it calls a "cybersecurity incident."
A death in the community of Canora, Sask. has been deemed non-suspicious in nature following an investigation.
Drama is usually reserved for the Stratford Festival stage, but on Thursday night, it might play out at Stratford City Hall - again.
A man, previously found guilty of first-degree murder in connection to a 2014 death in Kitchener, has pleaded guilty to a lesser charge.
Parents who ran into technical problems with Waterloo Region鈥檚 registration system for before and after school programs have a new date to circle on their calendars.
The Supreme Court of Canada has rejected an application from a Saskatoon man who murdered his wife.
For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it鈥檚 a matter of life or death.
Drivers in Saskatoon鈥檚 north industrial area were treated to a grisly sight on their commute home on Thursday 鈥 a truck apparently spilled a load of pig parts onto Millar Avenue.
Lactalis Canada officially reopened its facility on Thursday, unveiling a new product line.
One person has been charged after a suspect stole a vehicle in Sables-Spanish Rivers Township, then drove it to Ontario Provincial Police to discuss another matter.
Armed with notes, Chief Sydney Lecky was ready for his first public meeting with the Timmins Police Service Board on Thursday.
Charges have been laid in relation to a recent fatal fail to remain investigation in St. Thomas.
For nearly 50 years, Clinton's kids have enjoyed an outdoor pool. However, following a three-year long closure due to expensive required repairs, Clinton's pool will now never be swam in again.
VIA Rail unveiled the first cars in its new fleet of state of the art passenger trains Thursday, with leaders taking part in the inaugural ride between London and Windsor.
The Town of Midland is in mourning after the sudden loss of a local political titan who spent decades working in public service.
Michael Lahay pleaded guilty to manslaughter for stabbing his mother, Wendy, 30 times inside their Ramara home in 2021 while experiencing "substance-induced psychosis" after he ate a dozen homemade cannabis brownies.
An Orillia man faces charges in connection with an internet child exploitation case.
The funeral arrangements for a family found dead in a home in Harrow have been released.
Swimming lessons have not been offered at the Lanspeary Park pool since 2015 but they are returning now. So is the pool which closed down in 2022 after city council approved a $3 million dollar replacement.
U.S. President Joe Biden and former president Donald Trump went head-to-head in the first of two planned presidential debates.
The world's largest hockey stick could soon become the world's most in-pieces hockey stick as a Vancouver Island community prepares to tear down and carve up the Canadian landmark.
Months after a double-stabbing in downtown Victoria that left one victim dead, a suspect has been charged with murder.
A wrong-way driver has been arrested and charged nearly one year after a 24-year-old man was killed in a head-on highway collision in Nanaimo, B.C.
Mounties in Kelowna say a suspect is at large after a man was stabbed in the city Sunday afternoon.
Police are remaining tight-lipped about a woman鈥檚 death in a Kelowna park on Friday.
Police have identified a man found dead in B.C.鈥檚 Interior last weekend as Donald 鈥淒onnie鈥 Lyons.
The 122-year-old Raymond Stampede is set to get underway this weekend, but this year鈥檚 event will occur at a new location.
A picture of rage and determination among COVID-19 protesters at the border blockade at Coutts, Alta., was spelled out in text messages shown Thursday at a murder-conspiracy trial.
Dozens of farmers from across southern Alberta turned out Wednesday for Farming Smarter鈥檚 annual 2024 field school.
The Dryden detachment of the Ontario Provincial Police is investigating a fatal collision involving a commercial vehicle and a passenger vehicle.
One person has been charged after a suspect stole a vehicle in Sables-Spanish Rivers Township, then drove it to Ontario Provincial Police to discuss another matter.
A northern Ontario woman has been charged with assault with a weapon after a stabbing at a home in Sault Ste. Marie, police say.
A judge dismissed all sexual misconduct charges against a Newfoundland lawyer Thursday, saying repeated inconsistencies and falsehoods in the complainant's accounts eroded her credibility and left him unable to believe her allegations.
With rain coming down in central Labrador and temperatures dropping, the wildfire near Churchill Falls has been downgraded, although fire officials say there's still work to be done to keep the flames at bay.
The wildfire that forced the evacuation of Churchill Falls remains three kilometres from the community as the premier of Newfoundland and Labrador signalled cautious optimism.
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop.聽Read about us.
