Le Pain Quotidien
Belgian bakery-restaurant chain · 47+ locations · NYC, Los Angeles, Washington DC, Philadelphia, Miami
The Belgian bakery chain with the communal table looks like one company worldwide. Its 47 US bakeries are a separate business, sold out of bankruptcy in 2020 and now owned by Todd Boehly's Eldridge Industries, with the founder no part of it.
The Big Picture
Le Pain Quotidien's US bakeries, sold out of bankruptcy in 2020, now belong to Todd Boehly's investment firm, Eldridge Industries, not to the Belgian brand's owners. The chain agreed to pay up to $2.3 million, while denying the claims, over New York overtime and tips, and two more worker suits were open in September 2026. It answers to Eldridge, not its founder.
The Dirty Details
Ownership
Eldridge IndustriesPrivate Equity
Eldridge Industries is Todd Boehly's Greenwich-based private investment firm. Its restaurant arm is Convive Brands, a New York multi-brand operations and investment platform that describes itself on its own site as part of the Eldridge Industries portfolio, and Convive runs both of the companies Ferret tracks here. In December 2025 it became master franchisor for California Pizza Kitchen through a consortium with Eldridge and Aurify Brands. Le Pain Quotidien came to it out of a 2020 Chapter 11 sale, and only the United States business did: the brand everywhere else belongs to a separate Belgian group and is not an Eldridge holding.
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Company data last updated September 2026
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