Edmond de Rothschild Corporate Finance is Strategic Advisor to the Shareholder of Fauchon on the Creation of a Joint Venture with ESPRIT DE FRANCE to Operate the First FAUCHON Hotel

Corporate Finance - 19/01/2016

The gastronomy brand FAUCHON and the up-scale hotel brand ESPRIT DE FRANCE have signed an agreement to create a joint venture company to operate the first FAUCHON Hotel that will open at 11 place de la Madeleine next to the historical site of FAUCHON

According to this agreement, the two partners will create a joint venture 51% owned by the family holding of Mr Ducros and 49% by ESPRIT DE FRANCE. The latter will provide its expertise in hotel management, while FAUCHON will contribute its gastronomic and contemporary  pastry know-how.

The Hotel FAUCHON is scheduled to open in 2018 and have 54 rooms including 22 suites. A Café FAUCHON that seats 150 will join the iconic landmark.

FAUCHON has a total of 76 stores and restaurants under its brand in 20 countries around the world. Total retail-level sales stand at € 180 m of 80% abroad. In Paris, 270 employees promote the stores on place de la Madeleine and the e-commerce site. FAUCHON RECEPTIONS, the event catering business of the group is now among the top Parisian caterers.

ESPRIT DE France is 100% owned by COMPAGNIE LEBON and operates  9 hotels in Paris and one in Aix-en-Provence for a total of  427 rooms. Key figures 2014: 200 employees, turnover € 19m, 80 000 clients per year.