Sodexho Alliance is in talks to take a controlling stake in the Lido, the massive cabaret club on the Champs-Elysees in Paris. The deal could value the famous club, which claims to have invented the dinner and floorshow formula, at up to Eu20m (£13.8m). Sodexho's Prestige division already operates Bateaux Parisiens tourist boats on the Seine and provides catering at the visitor and conference centre at Blenheim Palace, Oxfordshire. The Lido, founded in 1946, and its feather-clad showgirls moved into the present 6,000 sq m site in 1977. Revenues were Eu38m in 2004. But the Eu9m cost of launching its latest floorshow, which features an aeroplane soaring across the stage, has increased the group's debts. The Business 29/01/06 page 7

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