Pierre Hermé Owner Bets on Parisian Restaurant Group Moma

The owner of Pierre Hermé, a high-end French maker of macaron pastries, is buying a stake in the restaurant group that runs Café Lapérouse.

Walter Butler will own about 35% in Moma Group, which recently opened an outpost at the luxury hotel Raffles London at The OWO, the entrepreneur said in an interview with Bloomberg. Butler has the option to increase his shareholding in the future, he said.

Benjamin Patou and Walter Butler

Photographer: Paul Blind

The investment comes as customers splurge on so-called experiential luxury following Covid-19 lockdowns, according to Benjamin Patou, the Moma Group founder, who will retain a stake of about 51%. The rest ...