Prominent pastry chef François Payard closed his flagship café and bakery on the Upper East Side.  Payard opened to much fanfare 12 years ago on Lexington Avenue between East 73rd and East 74th Street in New York’s tony Upper East Side neighborhood.  He intended to close Payard Pâtisserie & Bistro in August and lay off all 74 employees due to a 62% rent increase.  “The maximum increase I can bear in this economy is 20%,” says Mr. Payard.  Additionally, although the economy has slowed, Payard claims they were doing OK.  “Right now, I’m looking for other locations,” says Mr. Payard, who also operates a chocolate factory and confectionery shop in Dumbo, Brooklyn, and bistros in Las Vegas, Brazil and Japan.   Let’s hope he finds one, and soon!

 To read an interview with Francois Payard, please click here.

 

8976_295x225