Take the following as truth: Saint-Germain-des-Prees is a charming neighborhood as well as the literary quarter ' home of major publishing houses, literary cafe, the Acad??mie Francaise ' and a growing number of fashion boutiques competing with bookshops, art galleries, and antiques shops.
Then the following statement: "Nowadays, the neighborhood has lost its reputation as the literary quarter because all of its publishing houses have moved elsewhere." is true, false, or inconclusive?
Answer: False