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BusinessQuiet 10d · day 10

Paris's BHV Marais department store placed under bankruptcy protection

A French court granted the 170-year-old Paris retailer court-supervised restructuring after mounting losses and a landlord dispute.

newest coverage 10d agosummary written 9d ago3 pieces102 likes & upvotes1 comments NewswiresBluesky

What to know

  • The 170-year-old Paris landmark BHV Marais was placed under court-supervised bankruptcy protection on November 2, 2026, affecting 660 employees.
  • The retailer cited falling turnover, excessive liabilities and an unresolved dispute with landlord Brookfield over transferred building ownership funds.
  • Both management and unions requested the protection, though unions say this does not amount to backing current management and intend to push for a takeover.
  • A six-month observation period, renewable once, will determine whether the company can be restructured and saved.

“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”

BHV Marais (SEGM BHV), Company statement · France 24 ↗ · Nov 1

SEGM BHV Parent company of BHV Marais department storeTrade unions (BHV Marais) Employee representativesBrookfield Canadian asset manager, owner of the BHV buildingNicolas Bonnet-Oulaldj Paris deputy mayor for employment

Paris's BHV Marais department store placed under bankruptcy protection
France 24 EN

How it unfolded 1 development · click the chart to see its coverage articlesposts

Peak 2 pieces in 3h at Nov 2, 2 PM; 3 pieces over 10 days (2 articles · 1 post) Nov 2, 11 AM — 1 piece · 1 article — Newswires 1Nov 2, 2 PM — 2 pieces · 1 article · 1 post — Bluesky 1, Newswires 1Nov 2, 5 PM — quietNov 2, 8 PM — quietNov 2, 11 PM — quietNov 3, 2 AM — quietNov 3, 5 AM — quietNov 3, 8 AM — quietNov 3, 11 AM — quietNov 3, 2 PM — quietNov 3, 5 PM — quietNov 3, 8 PM — quietNov 3, 11 PM — quietNov 4, 2 AM — quietNov 4, 5 AM — quietNov 4, 8 AM — quietNov 4, 11 AM — quietNov 4, 2 PM — quietNov 4, 5 PM — quietNov 4, 8 PM — quietNov 4, 11 PM — quietNov 5, 2 AM — quietNov 5, 5 AM — quietNov 5, 8 AM — quietNov 5, 11 AM — quietNov 5, 2 PM — quietNov 5, 5 PM — quietNov 5, 8 PM — quietNov 5, 11 PM — quietNov 6, 2 AM — quietNov 6, 5 AM — quietNov 6, 8 AM — quietNov 6, 11 AM — quietNov 6, 2 PM — quietNov 6, 5 PM — quietNov 6, 8 PM — quietNov 6, 11 PM — quietNov 7, 2 AM — quietNov 7, 5 AM — quietNov 7, 8 AM — quietNov 7, 11 AM — quietNov 7, 2 PM — quietNov 7, 5 PM — quietNov 7, 8 PM — quietNov 7, 11 PM — quietNov 8, 2 AM — quietNov 8, 5 AM — quietNov 8, 8 AM — quietNov 8, 11 AM — quietNov 8, 2 PM — quietNov 8, 5 PM — quietNov 8, 8 PM — quietNov 8, 11 PM — quietNov 9, 2 AM — quietNov 9, 5 AM — quietNov 9, 8 AM — quietNov 9, 11 AM — quietNov 9, 2 PM — quietNov 9, 5 PM — quietNov 9, 8 PM — quietNov 9, 11 PM — quietNov 10, 2 AM — quietNov 10, 5 AM — quietNov 10, 8 AM — quietNov 10, 11 AM — quietNov 10, 2 PM — quietNov 10, 5 PM — quietNov 10, 8 PM — quietNov 10, 11 PM — quietYesterday, 2 AM — quietYesterday, 5 AM — quietYesterday, 8 AM — quietYesterday, 11 AM — quietYesterday, 2 PM — quietYesterday, 5 PM — quietYesterday, 8 PM — quietYesterday, 11 PM — quietToday, 2 AM — quietToday, 5 AM — quietToday, 8 AM — quietToday, 11 AM — quietToday, 2 PM — quietToday, 5 PM — quiet 1
Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10yesterdaynow · 8:19 PM ET
  1. 1

    Paris court grants BHV bankruptcy protection

    The Paris Commercial Court granted SEGM BHV bankruptcy protection, opening a six-month observation period (renewable once) to assess a turnaround; the company reported a €1.85 million net loss on €170.3 million revenue last year.

    “is in a state of insolvency, notably due to a significant drop in turnover, excessive liabilities and disputes with the landlord…”
    — Court document (SEGM BHV insolvency filing)

    1. 2 outlets first by France 24 EN, 10d ago · also Le Monde EN · read ↗

  2. background

    Management and unions jointly seek bankruptcy protection — BHV's management and trade unions both requested the retailer be placed under bankruptcy protection to safeguard operations and jobs as part of a 'relaunch'; unions said the company could not make payments, which management disputed.

  3. background

    New owners end BHV's partnership with Shein — After the operating company sold the landmark Paris store to a group of its own managers, the new owners ended the Shein partnership.

  4. background

    BHV opens Shein's first permanent physical store, sparking outrage — BHV's flagship store partnered with fast-fashion giant Shein to open its first permanent physical shop, triggering public outcry over job losses, environmental impact and Shein's sale of childlike sex dolls online.