Accor Buys Iconic Paris Cabaret From Sodexo Amid New Covid Wave

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French hotel group Accor SA agreed to buy Le Lido, an iconic cabaret on the Champs-Elysees avenue in Paris, from French catering company Sodexo for an undisclosed amount.

A spokesman for Sodexo confirmed that an agreement has been reached with Accor, without providing a price. A spokeswoman for the hotel operator declined to comment.