Galeries Lafayette group finalises the sale of BHV Marais to Groupe SGM
Galeries Lafayette group has finalised the sale of BHV Marais to Groupe SGM, a family-owned company specialising in city-centre retailing led by Frédéric Merlin, after having received approval from the relevant competition authorities. The Parly 2 store is also included in the agreement.
Galeries Lafayette group and Groupe SGM share the same vision regarding the role retail stores should play in city centres, and has built a strong relationship since seven stores from the Galeries Lafayette French network were affiliated to SGM in 2021 (Angers, Dijon, Grenoble, Le Mans, Limoges, Orléans and Reims).
After having owned these two department stores for 30 years, Galeries Lafayette group strongly believes Groupe SGM will be the most committed and innovative player to continue growing the stores’ potential with the commitment of its teams.
“We would like to thank the Galeries Lafayette group for the trust it has placed in us. We are pleased and proud to stand alongside the teams of BHV Marais and write a new chapter in its history in the heart of the most beautiful city in the world! We will work in close collaboration with the entire workforce to continue to grow this prestigious store, as well as the Parly 2 store, while conserving the character and values of the BHV. We aim to provide customers with high quality shopping experiences and actively contribute to the vitality and energy of this bustling neighbourhood in the centre of Paris”