Seen from Paris’s Pont de la Tournelle, the eight-story facade of the landmark restaurant La Tour d’Argent looks about the same as it did when its third-generation owner André Terrail grew up there in the 1980s, deploying toy parachutists into quayside traffic. But the interior is no longer indifferent to the 21st century: Late last month, La Tour d’Argent reopened its doors after a yearlong renovation led by the Paris-based architect Franklin Azzi. “It’s my Tour,” says Terrail, who took over following his father’s death in 2006. “The same, but more exacting, more thoughtful.” The new look draws on the outsize history of the classically French fine-dining institution, which has been serving diners since 1582, taking particular inspiration from the streamlined motifs of its Art Deco era. On the seventh floor, the redesigned restaurant — overseen since 2020 by executive chef Yannick Franques — functions more than ever as a theater. The airy dining room, in shades of indigo and silver, looks onto an open-plan kitchen and an elevated platform where the restaurant’s signature pressed-duck dish is prepared nightly. Upstairs and downstairs are new bars suited to less formal occasions: Le Bar des Maillets d’Argent, an all-day lounge with a fireplace, andLe Toit de la Tour, a rooftop terrace. Given that it has the welcoming air of a boutique hotel, it’s no wonder that the building can now host overnight visitors in a private apartment on the fifth floor, complete with a touch of Scandinavian-style minimalism attributable, in part, to Terrail’s Finnish mother.
Capital A Wants to Merge AirAsia and AirAsia X
25.08.2023 - 14:31 / skift.com / Tony Fernandes / Matthew Parsons / Capital A
Malaysia’s Capital A has submitted plans for a corporate restructuring, which will involve the merger of its low-cost airline AirAsia with long-haul carrier AirAsia X.
The company will set up a new division, called AirAsia Aviation, which will be run by Bo Lingam, who is currently president, airlines and group CEO of AirAsia Aviation Group Limited.
Capital A will then also include two other portfolios: the digital businesses and the logistics plus aviation services. They will be managed by Captial A CEO Tony Fernandes, who stepped down as acting group CEO of AirAsia X earlier this month.
The group also wants to carry out a separate “spin-off listing” in the future for the aviation services businesses of Capital A.
The corporate restructuring is designed to help it exit its “PN17” status, given to it by Bursa Malaysia, Malaysia’s stock exchange, which classifies it as a financially-distressed firm.
“We were at the sharp end of Covid, as were many airlines around the world, but we are coming out of it stronger than before — our airlines and network are fast returning to pre-pandemic levels, and our digital businesses are performing better than many had expected,” Fernandes said in a statement.
“While our PN17 status remains an accounting issue and does not accurately reflect the business viability and prospects of Capital A, we have nevertheless worked very hard to develop a plan to address the PN17 status as a key part of our post-pandemic recovery journey.”
Capital A aims to submit its proposal to Bursa Malaysia for approval in February 2023.
Formerly known as AirAsia Group, Capital A has become an investment holding company with a portfolio of business that includes its airasia superapp, which saw monthly active users reach more than 10.6 million in the second quarter of this year. It also operates fintech firm BigPay.
AirAsia X recently resumed flights between Kuala Lumpur and Jeddah in Saudi Arabia.
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