Yes, it is in Paris. And Apple is present in Europe nearly only in France. The first store will likely to be a small one, and in Paris. And the next ones after that I can see them in London, then one in Germany (Berlin maybe?), then probably one in Italy (Milan?), then Barcelona, then ...?
Apple will open a store in Tokyo next year, and the Europe stores will be later than that. After Paris, London and Berlin?? the economy in Europe could have already changed so much that the next potential alternatives could be St. Petersburg or Moscow or Krakow .. time will show it. The former 'East' has a huge economical potential and people believe in the future and like to invest and especially in Russia they (especially the few rich there) like the beautiful objects too.
I'd say nothing to be seen in Europe for at least 2 years from now. Unless Steve will say something in the Keynote in Paris (around 13 Sept.).