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.