Cornet Vincent Ségurel obtient l’autorisation de l’Autorité de la concurrence pour le rachat du BHV Marais par le Groupe SGM

Published on 20 november 2023


Competition – Sales and Distribution – Commercial Contracts

The Galeries Lafayette group has sold the iconic Parisian department stores' BHV Marais to the Lyon-based property company SGM. The BHV shop at Parly 2 is also involved in this transaction.

A specialist in retail property, the SGM Group (formerly known as Société des Grands Magasins) has become a key player in town centre retailing in just a few years, through the acquisition, renovation and revitalisation of existing retail assets. A family business, the SGM Group favours an entrepreneurial, creative and daring approach, and aims to develop relationships based on trust with its partners, retailers, major brands and local players.

Its approach to retailing is based on proximity, conviviality, adapting the offer to local needs, events and commercial innovations, to make its sites real places of life bringing together customers, retailers and group employees. This approach is symbolised by the new "SGM Family" brand, which will gradually be rolled out across the Group's centres.

To date, the Group owns and operates around ten shopping centres throughout France. It also owns 7 Galeries Lafayette shops, which it operates under an affiliation agreement with the Les Galeries group. Lafayette in Angers, Dijon, Grenoble, Le Mans, Limoges, Orléans and Reims.

Alongside LEGI Avocats, a team from Cornet Vincent Ségurel, comprising Luc-Marie Augagneur, Partner, and Jacqueline Brunelet, Attorney, assisted the SGM group in notifying the Autorité de la concurrence and obtaining authorisation.

Speakers :

SGM Group : Frédéric Merlin, Chairman

Galerie Lafayette Group : Nicolas Houzé, Chief Executive Officer

Advisors :

SGM Group attorneys : 

  • Corporate M&A, employment and tax: LEGI Avocats (Morgane Masson, Jérôme Chetail, Géraldin Bœuf, Justine Mesnier, Sophie Daniel, Hugo Sigismondi, Pierre Edouard Delong)
  • Competition: Cornet Vincent Ségurel (Luc-Marie Augagneur, Jacqueline Brunelet)
  • Contracts / IP / IT: IPOLIT (Arthur Vasse)

Attorneys for the Galeries Lafayette Group :

Corporate M&A : Fairway Avocats (Sandrine Benaroya, Marie Clanet)
Competition : Darrois Villey Maillot Brochier (Didier Théophile, Line Le Gleut)
Employment : August Debouzy (Emmanuelle Barbara, Anaïs Quershi)

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