Europe's richest man liked this Paris bistro so much his company bought it

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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 of its stake nor the value of the deal.

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 companyOntario Provincial Police are investigating after four people were found dead in the town of Harrow, just south of Windsor. Officers were called to a residence on County Road 13 at approximately 1:30 p.m. on Thursday.

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