The new owner of the cabaret, the French hotel group Accor, announced that the project will be implemented in the coming months and that it will mean the elimination of 157 of the current 184 jobs in the premises, as detailed in a statement.
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The end of the mythical emblem of number 116 of the Champs-Élysées also points to a deeper change in the model of a traditional Parisian tourism sector, where the traditional magazine cabarets seem increasingly outdated and out of the taste of the new generations. .
The Lido has suffered for ten years a deterioration of its attractiveness and a continued decline in attendance
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Founded in 1946, just after the Second World War, the Lido was –along with the Moulin Rouge and the Crazy Horse– one of the capital’s great cabarets. Her last show, Paris Merveilles, premiered in 2015.
Accor bought the company that owns the Lido last December, which received 700,000 euros from the State during the pandemic –according to BFM–, as part of public aid to companies closed due to confinements.