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Fast fashion meets French politics: the Shein–BHV backlash

Ultra-fast-fashion giant Shein's arrival at Paris department store BHV has sparked political and industry backlash.
Ultra-fast-fashion giant Shein's arrival at Paris department store BHV has sparked political and industry backlash.© Studio Pachamama

When Frédéric Merlin invited Chinese fast-fashion giant Shein into his BHV department store in Paris, he said it was a revolutionary way to revive city-centre retail. Instead, the move triggered a revolt by long-standing brands, outrage from City Hall and unease in government circles.

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Kering's deal with L'Oréal weakens bargaining position of Armani heirs

By selling its Beauté division to L'Oréal, Kering has weighed down the balance sheet of the beauty giant and reduced its room for manoeuvre for acquiring 15% of Armani. For their part, the heirs of the Italian designer, who have 12 to 18 months to complete the opening up of the group's capital, have found themselves deprived of leverage to negotiate with the other potential buyer, LVMH, which is itself torn over the deal.

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