Wednesday, April 25, 2012

Michelin heads to the burbs

Famous French tire-and restaurant-guide company Michelin is packing its bags and moving out of Paris.

Not far, but to nearby lovely Boulogne, according to the spokesperson for Michelin.  The company's HQ is still in Clemont-Ferrand; but, since its inception in 1889 it's always had a Paris office. First avenue Pereire, then in 1967 the company purchased the building at 46 avenue de Breteuil in the 7e arrondissement.

No more!   Michelin has just sold the building to an insurance company for 110 million euros.

I love Boulogne.  But it must be a jolt for one of France's most iconic companies to exit from avenue de Breteuil, one of the classiest neighborhoods in Paris.

Bibendum will learn to drive to work, no doubt.

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