Last week, French investment company Butler Industries announced its acquisition of over two-thirds of the shares of the Parisian fine dining establishment L’Ambroisie from its founder, Bernard Pacaud.
While the exact transaction amount has not been disclosed, Butler Industries stated that the acquisition was made without any borrowing.
In addition to acquiring the restaurant’s business and premises, Butler Industries also confirmed that Bernard Pacaud, retaining the remaining shares, will continue to serve as the restaurant’s president, partner, and head chef.
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