Another local restaurant is changing hands: French 75 has closed its doors and accepted a buyout offer.

A statement on the restaurant's website reads:

"Since 1997, John Martin and Rudy Pollak have teamed up to bring the amazing world of French cuisine to Orange County with their award-winning Laguna Beach restaurant, French 75. After 15 fantastic years, these partners have decided to accept an offer and sell their restaurant to a well-known investment group. The unique and wonderful property on Pacific Coast Highway that French 75 has called home will soon be home to newcomer in the Orange County restaurant scene, Teemu Tavern & Grill."

The statement goes on to say that Teemu Tavern & Grill, owned by partners NHL Hall of Famer and current Anaheim Duck Teemu Selanne, businessman Kevin Pratt and restaurant operator Jim Shumate, is set to open April 1.

"We wish them the best of luck and much success in their newest venture. We would also like to take this opportunity to thank the press, concierge, and all of our wonderful patrons, friends, employees, and suppliers for their continued support throughout the years. It has been a great pleasure sharing our passion for food and entertainment with you all. We look forward to continue serving you at Savannah Chop House in Laguna Niguel, as well as through our catering division."

French 75 was at 1464 S. Coast Hwy.

— Alisha Gomez