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BHV Marais is getting a fresh start: the management team is taking over the company through a management buyout (MBO). The new owners are focused on turning the business around, and one thing is already clear: there is no place for Shein in the Parisian department store.
Back to basics
After just over half a year, Shein’s controversial store at BHV Marais — its first physical shop in Europe— is already on the chopping block. The new owners, led by CEO Karl-Stéphane Cottendin, want to return to the department store’s historic strengths: home goods, DIY, and the distinctive “bazaar” atmosphere that once set BHV apart from other Parisian department stores.
