“What is missing is the cash flow to finance our projects”: BHV files for bankruptcy
INFO LE FIGARO. The CEO of the Parisian department store is counting on the Lyon commercial court to put pressure on the Brookfield fund, which owns the premises. He wants to recover more than 30 million euros to…
New explosion at BHV. Just four months after buying the business of the former Bazar de l’Hôtel de Ville alongside three other senior executives, Karl-Stéphane Cottendin was forced to make a radical decision. The CEO of the department store filed for bankruptcy this Tuesday afternoon at the Lyon Economic Activities Court, and requested his placement in receivership.
A hearing on the matter is expected in the coming days. “The store remains open, the teams are on duty and our ambition is the same, assures Le Figaro Karl-Stéphane Cottendin, CEO of BHV since 2025. But the cash flow difficulties no longer allow us to carry out the two projects that are before us: on the one hand the relaunch of the store, on the other hand the treatment of liabilities.
Requesting placement in receivership is a considered decision. This is a strategic step in the restructuring that we are carrying out.
Machine-translated from French
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- Le Figaro27 Oct, 19:10
| Publisher Le Figaro (established tier) | +76 |
| Checkable figures cited | +3 |
| Detailed summary | +2 |
| Total | 81 |
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