Business · Companies · 7 hrs ago
Paris department store BHV enters court-supervised restructuring
A Paris court placed BHV’s parent company under restructuring protection on November 2.
The company includes the historic BHV Marais department store in central Paris and a second store in the Yvelines region.
The court process gives the company six months to show it can recover, with a possible six-month extension.
BHV employs 700 people, and management says the stores will remain open.
The company has faced financial problems, including a lack of cash that its management links to a dispute with Brookfield, the building owner; Brookfield denies owing BHV money.
A proposed Shein store sparked controversy and prompted some brands to leave, though the new owners later ended the partnership.
The protection is meant to preserve jobs and give BHV time to relaunch, while management seeks to conclude talks with Brookfield.
At the end of the court-supervised period, the court can approve a recovery plan, choose a buyer or order liquidation.
A Paris court placed BHV Marais operator SEGM BHV into judicial recovery on November 2.
The court-supervised process gives the company a six-month observation period, renewable for another six months, to assess whether it can be turned around.
BHV says the move is intended to support its relaunch and protect its operations and jobs.
The company employs 700 people and says BHV Marais will remain open.
Management says talks with building owner Brookfield are central to its plans, while Brookfield disputes that it owes the company money.
- Who
- SEGM BHV, which operates BHV Marais and BHV Parly 2.
- What
- A Paris court placed the company into judicial recovery, opening a court-supervised observation period.
- When
- November 2, 2026.
- Where
- Paris, France; SEGM BHV includes BHV Marais in central Paris and BHV Parly 2 in Yvelines.
- Why
- The company said it sought protection to support its relaunch and preserve activity and jobs.
BHV management
Brookfield
Outstanding funds
BHV management
Management says a disagreement with Brookfield over funds has affected its relaunch plans.
Brookfield
Brookfield says it does not owe BHV Marais any outstanding sums.
The business was sold to some of its managers, according to Le Monde EN.
BHV Marais management unveiled a relaunch plan that it said was affected by a lack of cash.
BHV Marais announced that it had asked to be placed into judicial recovery.
A Paris court opened judicial recovery proceedings against SEGM BHV.
- Court decision
- November 2, 2026
- Observation period
- Six months, renewable for another six months
- Employees
- 700
- Company
- SEGM BHV
- Stores
- BHV Marais, Paris; BHV Parly 2, Yvelines
- Building owner
- Brookfield
3 sources
What people are saying
The protection afforded by the Commercial Court should very quickly enable us to finalise discussions with Brookfield, the property owner, which we have been awaiting for several months,
These cash-flow issues have undermined the best months of the year. We have a crucial period ahead of us.