Overview

• The public arm of Caisse des Dépôts ended talks to co-create a vehicle to buy the BHV Marais building, citing a rupture of trust after learning of the Shein partnership from the press and saying the retailer’s model conflicts with its values.
• SGM president Frédéric Merlin says banks are supportive, alternative partners are in place, and he retains time until year‑end to close the property deal.
• SGM maintains plans for Shein’s permanent installation at the BHV’s sixth floor in November, alongside five regional openings in Galeries Lafayette stores.
• Public pushback is intensifying as a petition titled “Paris mérite mieux que Shein !” surpassed 79,000 signatures with organizers projecting 100,000.
• Tenant fallout continues at the BHV, with several brands exiting or canceling projects and unions citing unpaid bills, while SGM attributes payment delays to a new accounting system.