Paris' oldest bakery closes

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Paris' oldest bakery closes

Postby Jenise » Thu Jan 03, 2013 2:09 am

Sad news from eater.com:

The oldest bakery in Paris, Au Richelieu Boulangerie, is closing after 202 years making bread. Baker Claude Esnault has been with the bakery since 1969, but after the owner of the building doubled the rent, he has been forced to shutter. Esnault is concerned about the neighborhood: "The absence of local facilities will make the area dead. It's like in a village when there's no bakery and no school." A new shop will open in the Au Richelieu Boulangerie location, but they will make sweets, not bread."
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Re: Paris' oldest bakery closes

Postby Jon Peterson » Thu Jan 03, 2013 10:37 am

This is sad, Jenise. Of course I don't know the landlord's story but it is hard to believe that a doubling of the rent is necessary for anything more than the love of money.
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Re: Paris' oldest bakery closes

Postby Rahsaan » Fri Jan 04, 2013 1:10 am

Jon Peterson wrote:This is sad, Jenise. Of course I don't know the landlord's story but it is hard to believe that a doubling of the rent is necessary for anything more than the love of money.


Yes, there is that. And I certainly don't know the landlord's story either. But that neighborhood is not exactly a small quaint village anymore and may not need a local bakery of the same kind anymore. We can't expect things to stay the same forever.

But those are general thoughts. I don't know the particulars of this case.
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Re: Paris' oldest bakery closes

Postby Jeff Grossman/NYC » Fri Jan 04, 2013 1:53 am

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Re: Paris' oldest bakery closes

Postby Redwinger » Fri Jan 04, 2013 9:39 am

Dang, now where will I go for my Saturday morning donut and cuppa Joe?
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Re: Paris' oldest bakery closes

Postby Dale Williams » Fri Jan 04, 2013 11:15 am

I'm always sad when a historic shop (especially a bakery!) closes. But at same time I'm not sure it's fair to expect landlords to charge rents based on what I'd like. So 35K euros annually is basically $3700-3800 a month. According to article this is in the 1st arrondissment, which has got to be some of the most expensive land in Paris (Louvre, Palais Royale, Ritz). Not sure how big the shop is, but that doesn't really sound like gouging to me.
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Re: Paris' oldest bakery closes

Postby Sam Platt » Fri Jan 04, 2013 4:57 pm

From our company's relocation planning website it looks like an average 1,000 sq. ft. flat in the 1st Arrondissment lists for about $1.8 million. It also sounds like renting a flat in that area is virtually impossible - "Rentals in the area are seldom made available to expatriates and are normally priced at a substantial premium to the market." It seems that the bakery was getting quite a bargain on their lease.
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Re: Paris' oldest bakery closes

Postby Jenise » Fri Jan 04, 2013 5:25 pm

Dale Williams wrote:I'm always sad when a historic shop (especially a bakery!) closes. But at same time I'm not sure it's fair to expect landlords to charge rents based on what I'd like.


Or operate a charity with rents well below market. Always sad to see an institution go away, though.
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