Shein and Paris department store end controversial partnership - Bilyonaryo Business News

BILYONARYO.COM June 17, 2026 PARIS, June 16 (Reuters) – French department store BHV and online fast-fashion retailer Shein have ended their partnership, just seven months after the opening of a permanent Shein shop in the Paris department store triggered controversy and widespread criticism. Societe des Gr and s Magasins (SGM), which has operated BHV in Paris since 2023, said it is selling the Paris ian department store to its current management team led by Karl-Stéphane Cott end in. Cott end in said BHV would end its partnership with Shein , describing it as a mistake, according to a spokesperson. BHV drew criticism for the tie-up with Shein because of the Singapore-based company’s business model of rock-bottom pricing and sale of illegal products on its platform. Shein said in a statement that the collaboration with SGM was always been meant to be temporary. Shein ‘s launch at BHV in November was met with protests and o n opening day , the French government launched an attempt to shut down its platform, later overturned by a Paris court Loyal Shein shoppers who had queued up for the launch were also underwhelmed by the store ‘s offering, with many saying prices were much higher than on Shein ‘s vast online platform, known for $5 dresses and $10 jeans SGM had been struggling before the Shein partnership , falling behind on payments to suppliers, and the Shein launch caused many br and s to leave the department store in protest Shein on Tuesday said it respects BHV’s decision but added that it was “regrettable” customers had to navigate ongoing construction works in the department store (Reporting by Inti L and auro and Helen Reid; Writing by Makini Brice; editing by Barbara Lewis and Cynthia Osterman) LIFESTYLE More stories in LIFESTYLE Shein and Paris department store end controversial partnership The ‘right to repair’ movement has a point, but consumers should read the warranty fine print first Destiny in the Bay: A Bordeaux dream on Waiheke Island US summer driving season hits as gasoline supplies squeezed tight Rolex raises gold watch prices again as super-rich buyers are undeterred More stories on BILYONARYO Philippines in tax treaty talks with 10 countries to boost FDI Philippines raises $2.5 billion in global bond sale Mapping the Market: Rebounding Nasdaq eyes record territory As oil roundtrips, AI booms, and US consumers spend, economists’ Fed outlooks hit the extremes Will Warsh’s call for a quieter Fed create more or less market noise? POWER Former CNOOC executive sentenced to death with reprieve for taking bribes PROPERTY SM Prime unit on track for Q4 2027 Batangas resort condo handover TRAVEL Qantas picks London for first record-breaking non-stop flights TECHNOLOGY Blue Origin starts launch pad rebuild, targets New Glenn rocket return in 2026