The Bazar de l’Hôtel de Ville, Paris – photo: Chabe01, modified by Le Marais Mood

At 500 million euros – half a billion! – this is undoubtedly the biggest transaction of the year in the borough. The rumor, which had been circulating for months, came to fruition in February. The Galeries Lafayette group, which wishes to concentrate on the activity of its flagship on Boulevard Haussmann and develop abroad, has announced that it has sold the department store inaugurated in 1 to the Société des Grands Magasins (SGM), a family business. founded in Lyon and managed by Frédéric and Maryline Merlin.

The reasons are multiple but the new Parisian automobile traffic plan plays its part. For months, the wealthy clientele of the western suburbs had no longer been rendez-vous, due to traffic becoming impossible on rue de Rivoli, the main axis, which leads back to the west. This data was added to other calamities: 2015 attacks, strikes of December 2019 (against pension reform, already), Covid19.

Also the establishment of other luxury brands nearby did not bring the expected effect. In le Marais, Gucci, Fendi, Moncler, Givenchy and Valentino, which arrived from 2013, were a flop. After the initial enthusiasm, Eataly, the immense (3000m2) specialist in Italian gastronomy installed at the beginning of 2019, is attracting less.

The Société des Grands Magasins (SGM), which is taking over the BHV, is not entirely unknown since it has already regained, in May 2022, the management of the seven Galeries Lafayette in the provinces: Angers, Dijon, Grenoble, Le Mans , Limoges, Orléans and Reims.

In le Marais, the new owner reaped a nice war chest: shops on Rue de la Verrerie and Rue des Archives, the walls of the Eataly premises and apartments located behind the department store. Galeries Lafayette, however, retains the building which houses its foundation

BHV Swamp
52 Rue de Rivoli, Paris 75004
Monday to Saturday 10 am to 20 pm
Sunday from 11 p.m. to 19 p.m.
Tel: +09 77 40 14 00

Text: Katia Barillot

13.03.23

July 14: where to see the Olympic flame in le Marais

July 14: where to see the Olympic flame in le Marais

Twelve days before the opening ceremony of the 2024 Olympic Games, the Olympic flame will cross Paris up and down for two days, not forgetting any district, on July 14 and 15. She will arrive in le Marais on July 14 in the afternoon from around 16 p.m. and until 16:46 p.m. sharp.

Legislative 2024: your candidates in the 3rd and 4th

Legislative 2024: your candidates in the 3rd and 4th

Here are the candidates officially nominated for the 5th constituency of Paris (the 3rd and 10th arrondissements) in the 2024 legislative elections: New Popular Front: Pouria Amirshahi, former anti-Holland “rebel”, he advised Benoît Hamon on...

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July 14: where to see the Olympic flame in le Marais

July 14: where to see the Olympic flame in le Marais

Twelve days before the opening ceremony of the 2024 Olympic Games, the Olympic flame will cross Paris up and down for two days, not forgetting any district, on July 14 and 15. She will arrive in le Marais on July 14 in the afternoon from around 16 p.m. and until 16:46 p.m. sharp.

Oysters and fish: P'tit Mousse knows his job

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Why bother going to Wepler or La Coupole, when there is P'tit Mousse? Both an oyster bar and a fish restaurant, this address on Rue Rambuteau advantageously replaces the Parisian brasseries on Place Clichy and Boulevard Montparnasse.

Breton house, Brittany rue de Rivoli

Breton house, Brittany rue de Rivoli

A stone's throw from the Saint-Paul metro station and a stone's throw from the BHV, a little piece of Brittany has just been established. At the helm of this new ship, chef France. Originally from Finistère, she has been making crepes for over 20 years, so after experiencing the takeaway kiosk – Food Breizh on the banks of the Seine…

WHAAAAAAAT?!

 

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