Paris's BHV Marais department store, 170 years old, enters court-supervised reorganisation but stays open
Sortiraparis explains what receivership means here and why the store says it ran short of cash, including the Shein fallout.
The Paris Economic Activities Court opened judicial reorganisation proceedings (redressement judiciaire) for SEGM BHV on Monday, Nov. 2, according to a document seen by AFP, Sortiraparis reports. Management had announced on Oct. 27 that it had filed for bankruptcy and asked for receivership; it says the BHV Marais store on the Rue de Rivoli stays open while it tries to keep operations and jobs.
Karl-Stéphane Cottendin, in charge since June, cites a cash shortfall and blames Brookfield, which has owned the building since January 2026, for not paying compensation owed for space the store handed back. Sortiraparis says the dispute adds to unpaid bills reported by several brands and the fallout from the store's controversial partnership with Shein, which led many retailers to leave. The store's summer recovery plan focuses on the return of several brands and on home goods.
Founded in 1856, the store is marking its 170th anniversary this year.
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BHV (department store)
After exploring BHV Marais placed into receivership: the department store remains open, for the store's long history, see BHV (department store).
Wikipedia on the Bazar de l'Hôtel de Ville chain, founded in 1856, and its owners over the years, from Galeries Lafayette to Société des Grands Magasins.
Wikipedia · Wade · 5 min
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