Le Bon Marché (lit. "the good market", or "the good deal" in French; French pronunciation: ​[lə bɔ̃ maʁʃe]) is a department store in Paris. Founded in 1852 by Aristide Boucicaut, it was the first ever modern department store. Now the property of LVMH Luxury Group, it sells a wide range of high-end goods, including food in an adjacent building at 38, rue de Sèvres, called La Grande Épicerie de Paris.