Butler Industries, a global industrial investor, agreed to acquire a majority stake in L’Ambroisie, a restaurant located in the Place des Vosges in Paris, holding three Michelin stars since 1986. Financial terms were not disclosed. “L’Ambroisie is not just a restaurant, it’s L’Ambroisie, and Bernard Pacaud is not just a monument in world gastronomy, he represents a unique life journey, a reflection of France’s most extraordinary aspects. Bernard’s life exemplifies the importance of hope in our lives. For me, it’s an investment of both heart and reason in a jewel of French heritage. I am honored by the trust of Bernard and Danièle Pacaud and determined to continue their exceptional contribution to French culinary expertise. It is a great responsibility and a huge pride for me to work with Bernard and Danièle Pacaud to ensure L’Ambroisie remains the reference in French cuisine,” Walter Butler, Butler Industries President.