Overview
- Galeries Lafayette says it is negotiating exclusively with an undisclosed real‑estate asset manager to buy the BHV property as soon as January.
- The contemplated sale is expected on the terms initially agreed with SGM, with reporting placing the deal value between €300 million and €400 million.
- The acquisition would be executed in agreement with SGM, which would continue operating the BHV store.
- The prior promise of sale to SGM expired on December 19 after the Banque des territoires pulled out in October, citing a loss of trust linked to the Shein partnership.
- Paris officials had expressed interest in a municipal purchase if SGM fell short, but that option has not been taken up at this stage.