Overview
- The heirs of Ginette Moulin and Frédéric Merlin’s Société des Grands Magasins announced on November 4 a joint decision to terminate their affiliation, citing a “strategic divergence.”
- The seven affected locations are Angers, Dijon, Grenoble, Le Mans, Limoges, Orléans and Reims, according to the joint communiqué.
- The parties said the Galeries Lafayette banner will be withdrawn in the coming weeks on a timeline still being finalized, with SGM set to unveil a new identity for the stores.
- Galeries Lafayette said Shein will not be associated with its brand in these outlets, after previously vowing to block the fast-fashion retailer’s entry into affiliated stores.
- Le Figaro reports the sites will be rebranded as BHV and that Merlin owns the buildings, though SGM has not confirmed the new banner.