Overview

• The Caisse des Dépôts unit ended negotiations to co-purchase BHV Marais’s building, saying it learned of the partnership via the press and that the move broke trust.
• SGM, BHV’s operator, says banks remain supportive and it will pursue the roughly €300 million acquisition with other financiers by year-end.
• Shein is slated to open a permanent store on BHV’s sixth floor in November and expand into several Galeries Lafayette locations in the regions.
• Supplier fallout is accelerating, with Caroll and Morgan preparing to exit according to Le Figaro and other brands and projects already withdrawn or canceled.
• Public pressure is mounting, with a petition against Shein’s BHV presence surpassing 79,000 signatures as fact-checkers correct an overstated “70% never worn” clothing claim to 44% with items still as new.