Will the State prevent Shein’s arrival at BHV? In any case, Trade Minister Serge Papin is looking for “alternative solutions.” And time is running out. The Shein brand, which until now has only been sold online and in pop-up stores, will open six permanent physical stores in France starting in November, including one in the Bazar de l’Hôtel de Ville (BHV).
The project, the result of an agreement between Shein and the Société des Grands Stores – SGM, a commercial real estate company that manages the Parisian establishment – has sparked intense controversy since its announcement at the beginning of October, accusing Asian platforms of unfair competition, environmental pollution and even undignified working conditions for low prices.
When asked if he was “pushing” and “still hoping” to prevent Shein’s arrival at BHV, Serge Papin simply replied “yes”.
Opposition of the Banque des Territoires
“This association is a bad sign that should be avoided,” the minister’s office said.
Two weeks ago, the Banque des Territories, an entity of the Caisse des Dépôts (CDC), announced its withdrawal from the negotiations begun in June with the SGM to help it buy back the BHV walls. The cause, according to her, is “a breakdown of trust” and the contradiction between her “values” and the Shein model. Asked by AFP, SGM did not want to comment.
On Thursday, Serge Papin also denounced once again the strengthening of the partnership between La Poste (66% owned by the CDC and 34% by the State) and Temu in terms of parcel distribution, leaving “the competence” of the Minister of Economy, Roland Lescure, over “the content of this agreement.”
Source: BFM TV
