Emile is a French film producer at the beginning of the century. One of his friends leaves his daughter Lucette in his house, when he is starting a tour through France. Emile falls in love with her. Problems starts when his younger friend Jacques come back from military service and after complaining his misfortune with women, follows Emile's advice in starting affairs with women and he meets Lucette.
Fred Peloux, nicknamed Chéri, the handsome son of Charlotte Peloux, a former demimondaine, lives in the small circle of his mother's friends, all high-class prostitutes past their best. He has an affair with Léa, a waning beauty, who loves him both as a mistress and a mother. But the age difference takes its toll on their union. To please his mother, Chéri accepts to marry young Edmée without actually caring for her. After a while, the young man tries to return to Léa...
