Business · Companies · 45 mins ago
BHV stores close temporarily over an insurance issue
BHV Marais in Paris and BHV Parly 2 in Yvelines closed on Monday after the chain said an insurance issue required a temporary shutdown.
The company said one insurance policy had not been transferred during its ongoing judicial restructuring.
Its president said the closures were a precaution to protect staff and customers.
BHV is facing months of financial turbulence, and its management had announced a plan to revive the Paris store over the summer.
The plan was hindered by a lack of cash, which management partly blamed on a dispute with Brookfield, the building owner; Brookfield disputes that account.
The closure was described as temporary, but no reopening date was given.
The BHV Marais and BHV Parly 2 stores closed temporarily on Monday, 9 November, because an insurance policy could not be transferred during the company’s judicial restructuring.
The store’s president said the closures were a precaution to protect employees and customers.
The Paris department store was closed before 6 p.m., with its lights off and no one inside, according to an AFP journalist.
BHV has faced financial difficulties and other disruptions for several months.
- Who
- BHV Marais and BHV Parly 2, operated by BHV.
- What
- Both stores were temporarily closed because an insurance policy could not be transferred.
- When
- Monday, 9 November 2026.
- Where
- BHV Marais in Paris and BHV Parly 2 in the Yvelines.
- Why
- The company said the closure was a precaution because an insurance policy had not been transferred during its judicial restructuring.
This story does not have two clearly opposing sides.
SGM resold BHV at a loss to some of its executives.
BHV Marais management announced a recovery plan but encountered a cash shortage.
BHV Marais and BHV Parly 2 closed temporarily over the insurance issue.
- Stores
- BHV Marais and BHV Parly 2
- Closure date
- 9 November 2026
- Insurance issue
- One policy could not be transferred during judicial restructuring
- BHV president
- Karl-Stéphane Cottendin
- BHV Parly 2 location
- Yvelines
What people are saying
must close this evening as a precaution for our teams and our customers: one of our insurance policies could not be transferred as part of the ongoing judicial restructuring