posted sales revenue of €180 million (including sales by franchises), 80% of which in international markets. In June 2020, after many years of poor financial performance, Fauchon went into administration. 2015: creation of Fauchon Hospitality In September 2015, Fauchon adopted a new strategy and began developing a luxury hospitality branch. In March 2018, the company launched Fauchon Hospitality to develop a network of luxury boutique hotels around the world, with a focus on Japan, Europe and the Middle East. Fauchon Hospitality is headed by Jacques-Olivier Chauvin, previously CEO of Relais & Châteaux and SVP of Van Cleef & Arpels. Samy Vischel, president of Fauchon, is vice president of Fauchon Hospitality. Bernard Lambert is the international business advisor of the project; he was the president of the SBM and the Méridien company. Fauchon partnered with the upscale hotel group Esprit de France, a subsidiary of Compagnie Lebon, to create and co-manage the first Fauchon L'Hôtel on the Place de la Madeleine in Paris in a building acquired by Qatar National Bank. It opened 1 September 2018. The five-star hotel is affiliated with Leading Hotels of the World. Richard Martinet (Affine Design) was Fauchon's original interior designer, assisted by the Atelier Paluel Marmont, although the majority of the design work was carried out by architects DTACC. The hotel is managed by Jérôme Montantème. It presents a hotel concept created by Emmanuelle Mordacq, president of the agency NeoPlaces agency: the GLAM hotel: a Gourmet hotel (creative Parisian pastry associated with French culinary tradition), Located in the center of Paris (Place de la Madeleine, where Fauchon was created 130 years ago), offering personalized arty attentions and experiences, always in line with women "Mesdames" (sophisticated lighting, appropriately sized bathrobes, Carita toiletries and spa, etc.). From 2018 to 2020: financial difficulties and closure of the historic store The historic site of Place de la Madeleine was hit hard successively by the attacks of January and November 2015, in 2018 by the yellow vests crisis, the strikes of 2019-2020 and the virtual disappearance of tourism due to the coronavirus pandemic. On January 29, 2020, the Fauchon Receptions subsidiary was placed in compulsory liquidation followed on June 23, 2020 by the request for placement in receivership by the parent company which was pronounced the following week. On July 10, 2020, a call for tenders was launched for a partial disposal plan. On September 16, 2020, the Bobigny Commercial