US EditionGaleries Lafayette Completes BHV Building Sale Following Shein Controversy
5 Articles
5 Articles
The SGM group, co-founded by Frédéric Merlin, who bought the BHV's business fund in 2023, "will continue the operation of the BHV and the development of the department store."
The purchaser "will continue the operation of the BHV and the development of the department store", writes the Galeries Lafayette group in a press release.
The Galeries Lafayette group today announced that it had "completed" the disposal of the walls of the Paris department store, without communicating the name of the buyer.
Galeries Lafayette Group Finalizes Sale of BHV to Brookfield (Symbolic Image - AI Generated Stock Image) The Galeries Lafayette Group announced Wednesday the completion of the sale of the building housing its Parisian department store, BHV. The buyer is the North American asset manager Brookfield Asset Management, according to a source close to the deal cited by AFP. The group granted exclusivity to this investor last December. The transaction m…
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