The store's history is rooted in the 1849
California Gold Rush. The company was founded by the brothers Felix and Emile Verdier in May 1850 when Emile arrived in the
San Francisco Harbor from France on a chartered ship, the
Ville de Paris (City of Paris), loaded with
silks,
laces, fine
wines,
champagne, and
cognac. In France the brothers had owned a silk-stocking manufacturer operating in Nîmes and Paris. When the
Ville de Paris anchored in San Francisco Bay, locals in skiffs quickly surrounded the ship, snapping up all the goods piecemeal then and there. Many purchases were made with bags of
gold dust. Emile Verdier quickly returned to France for a second load, and when he reached San Francisco in 1851 he opened a small waterfront store at 152
Kearney Street called the City of Paris. The store's
Latin motto (
Fluctuat nec mergitur, "It floats and never sinks") was borrowed from the city seal of Paris. The store's final and best-known location was a
Beaux-Arts building designed by architect
Clinton Day, built in 1896 on the corner of
Geary and
Stockton streets across from Union Square. The Verdier family initially created a famous restaurant in Paris in 1839 La Maison Dorée by Louis Verdier and then the Etablissements Gaston Verdier (textile industry in France). == Branches and offshoots==