Uncertain future for LVMH’s Cheval Blanc Hotel project in Paris
Closed since 2005, former Parisian department store La Samaritaine, owned by giant LVMH has been facing opposition from authorities, unions and NGOs. A French administrative court has recently revoked one of the licenses for the project which includes luxury retail and a 72 room hotel under the Cheval Blanc hotel. LVMH pledged to invest over 450 million euros in the project, which covers a total of 80.000 sqm.
An original permit was granted in 2012 and works were projected to commence in 2013 for a duration of 3 years. The legal challenges now add further uncertainty over the evolution of the project.