Overview

• The Caisse des Dépôts’ Banque des Territoires ended negotiations to co-purchase the BHV building, citing a values mismatch and a breakdown of trust after learning of the retail partnership through the press.
• SGM, BHV’s operator, accused the public investor of bowing to political pressure and said other financing partners are committed, asserting the property acquisition will still go ahead.
• Shein’s rollout remains scheduled to start in November with a permanent shop on BHV Marais’ sixth floor and additional locations inside five Galeries Lafayette stores in the regions.
• Public and political pressure is intensifying, with deputies urging the government to block the arrangement and a petition opposing the plan approaching 100,000 signatures.
• Commercial fallout is growing at BHV, with brands such as Caroll and Morgan reported to be preparing exits and others including Odage and Aime already withdrawing, alongside complaints over late payments.