Co-created by Gilles Malafosse, the Loulou restaurant group has just been bought by Barrière. Enough to allow the group of casinos and luxury hotels to rejuvenate its offer.
This is one of the most interesting French restaurant groups of the moment: Loulou Groupe. Created by two glories of the restaurant industry Gilles Malafosse and Laurent de Gourcuff, president of Paris Society (Accor group), it has four high-end establishments under the Loulou banner in Paris, Ramatuelle (Var), Roquebrune-Cap-Martin (Alpes-Maritimes) and Val d’Isère. In Paris, the terrace of its restaurant in the Tuileries Gardens offers an exceptional and very popular view of the cauldron of the Olympic and Paralympic flame. Needless to say, there are many customers.
Read alsoAfter the family psychodrama, the era of Alexandre Barrière opens for the group
In 2021, Gilles Malafosse and Laurent de Gourcuff decided to separate their activities. Once alone at the helm, Malafosse formed a new round of shareholders with Pierre-Antoine Capton (Mediawan), Jean-Philippe Cartier (H8 hotels), Benoît Dargère (executive chef), Alexandre Rossoz (general manager) and Claire Malafosse, his sister. And a new step for this promising company, it has just been bought by the Barrière group, the leader in casinos in France, owner of Fouquet’s and among others the palaces of Deauville and the Majestic hotel in Cannes. This group is co-chaired by Alexandre Barrière and his sister Joy Desseigne-Barrière.
A nice valuation
According to information from Challenges which Gilles Malafosse denies, Loulou was valued at 92.1 million euros. A very nice sum for a company that achieved 4.1 million euros of EBITDA in 2023 and promises to achieve 6 million in 2024. Especially since the activity of this restaurant group is essentially based on concessions that are about to expire. In two years for the concession of the Parisian restaurant, in five years for the one in Ramatuelle which experienced setbacks this summer due to the noise pollution it causes to the neighborhood. The only establishment owned directly by Loulou Groupe […]
- challenges.fr
