The history of the Société des Bains de Mer (officially the Monte-Carlo Société des Bains de Mer) is inextricably linked to that of the Principality of Monaco.
The company was established in 1863, on the basis of a sovereign ordinance issued by Prince Charles III, and entrusted to a French businessman, François Blanc, who was given the mission of developing the gaming and hotel industry in Monaco.
In order to achieve this goal, the Société des Bains de Mer embarked on the construction of a new district: Monte-Carlo. Chosen as a tribute to Charles III, the name later became a trademark owned by the Société des Bains de Mer.