FRANCE. LVMH MoÃ«t Hennessy Louis Vuitton (LVMH) today reacted positively to the official approval of building works required for the renovation of the famous La Samaritaine on rue de Rivoli.
In a statement, LVMH said: “La Samaritaine duly notes with satisfaction the decision of the Conseil d’Etat which definitively approves the building permit for the renovation of the building located on rue de Rivoli.”
As reported, DFS Group, the world’s leading luxury travel retailer owned by LVMH and Bob Miller, is playing an important consultancy and advisory role to the redevelopment of the historic La Samaritaine department store. The €460 million project involves a hugely ambitious transformation of the 860,000sq ft complex.
Reports surfaced last year that LVMH was planning to include a DFS store, a Louis Vuitton shop and a department store in the redevelopment. The travel retailer has declined to comment pending the planning review.
The building permit for the Seine-facing side of La Samaritaine was issued in December 2012 by the Mairie de Paris and approved in April 2014 by the Tribunal Administratif de Paris.
“Ten years after the closure of La Samaritaine for safety reasons and after many years of litigation, these two permits are therefore now irrevocable,” the statement said.
“La Samaritaine is preparing to resume this ambitious project for the restoration and renovation of the entire site. The three years of works should generate around 1,800 jobs. Overall once renovated, it will directly create more than 2200 jobs.”