US EditionGaleries Lafayette Enters Into Exclusive Negotiations to Yield the Walls of the Bhv as Early as January
20 Articles
20 Articles
The case of the BHV Marais is undergoing a new twist. In the absence of agreement with the SGM group, Galeries Lafayette is engaged in exclusive discussions with an Anglo-Saxon investor to divest the walls of the Paris department store, while maintaining its current operation.
The Galeries Lafayette announced that it would enter into exclusive negotiations with an Anglo-Saxon investor on Saturday, December 20th. Objective: to give way to the walls of the BHV store in Paris, starting next January. The SGM group, co-founded by Frédéric Merlin, will continue to operate.
The Galeries Lafayette group announces Saturday, December 20th that it "entered into exclusive negotiations with an Anglo-Saxon actor" for the sale of the BHV Marais building. The transaction, which is to take place "as of January", on the conditions initially foreseen with SGM. - Paris: towards a sale of the walls of the BHV Marais to an "Anglo-Saxon investor" (Economy).
This is a new episode for the BHV whose business was bought two years ago by the SGM group, co-founded by Frédéric Merlin and which has been in turmoil since the announcement of his alliance.
The SGM group, co-founded by Frédéric Merlin, which operates the BHV store, in the turmoil since the Shein scandal, was linked to the Galeries Lafayette group by a sales promise coming to an end Friday.
The Galeries Lafayette group is "in exclusive negotiations with an Anglo-Saxon actor" with a view to giving him the walls of the BHV building, "as early as January".
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