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Once known as the most beautiful avenue in the world, the Champs Elysees is changing. Some Parisians fear it's starting to look like any American shopping mall as high rents and global chains steadily alter its appearance.

"We just try to keep a sort of diversity on the Champs Elysees, with the cinemas, with restaurants, with cafes and shops," says Deputy Mayor Lynn Cohen-Solal. "We don't think the laws of the natural market, the free market, make for a good Champs Elysees."

Cohen-Solal says the Champs Elysees is being transformed by those skyrocketing rents. A Qatari firm recently bought the Virgin Megastore building and is doubling the rent. She says foreign investors now see the Champs Elysees as a place for real estate speculation.

Many French regard it as a horrible fate for an avenue that is not only a symbol of Paris but also a reflection of the French nation itself.

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