SGM Sells BHV Marais to Its Management Team, Ending Partnership with Shein

Deal Summary

Société des grands magasins (SGM), the owner of Parisian department store BHV Marais, announced the sale of the store to its current management team. The transaction ends BHV's partnership with Chinese fast‑fashion retailer Shein, whose physical shop opened in November amid protests. Deal terms were not disclosed.