BHV Marais files for court-supervised reorganization after a turbulent period

The iconic BHV Marais department store filed its petition for court-supervised reorganization today with the Lyon Commercial Court. Management emphasizes that this step is necessary to safeguard the recovery plan and preserve jobs for 700 employees. The department store will remain open as usual during the proceedings.

Financial impasse with landlord

Management, led by Karl-Stéphane Cottendin, accuses the Canadian landlord Brookfield of failing to pay contractual compensation. This compensation, worth tens of millions of euros, had been agreed upon in exchange for the return of half of the retail space earlier this year.