Fleur de Paris has Mistinguett playing herself in a double role as two very different characters. One role has her performing as a music hall star, whose popularity leads an American impresario to lure her with a lucrative offer to tour the United States. The other role turns her into Margot Panard, a young working-class dressmaker lured to the theater by posters of Mistinguett.

Vera, daughter of a Cossack loves a young tartar who is the enemy of her father. She betrays her father to save the life of her lover, but loses her own life instead.