“Brookfield denies owing any amount to BHV to date”: the owner of the Parisian store denies being responsible for its placement in receivership

The owner of the BHV Marais premises refutes the accusations made by the Parisian department store, which announced on Tuesday that it was requesting its placement in receivership, pointing the finger at its lessor, the Canadian fund Brookfield. “Brookfield categorically denies owing any amount to BHV to date,” indicates the Canadian fund in a statement sent to AFP. “In accordance with the lease contract signed by the two parties on January 27, 2026, the payment of compensation can only take place following a compliant return of the spaces - compliance which is the responsibility of the BHV.

This obligation has in no way been fulfilled by the BHV to date", underlines the lessor. "To say that the relaunch of the BHV's activity depends on the lessor of the premises completely reverses the reality of the facts", believes Brookfield. "It is the non-fulfillment of the BHV's own commitments which leads to the current situation.

" BHV considers it lacks "the cash owed to it" Earlier Tuesday, BHV Marais announced that it had requested its placement in receivership, a procedure presented as intended to "secure its recovery plan" and "preserve activity and employment". Karl-Stéphane Cottendin, who took over the emblematic brand in the center of the capital in June, accuses the lessor of not having paid the compensation due in exchange for the restitution of half of the store “What this store is lacking today is the cash flow owed to it,” said the president of the brand, quoted in his press release.

The recovery project desired by management "is based on an investment plan financed in particular by contractual compensation in exchange for the return to the lessor, in the spring, of more than half of the store", compensation which "has not been paid", it is specified in the press release. According to BHV Marais, the absence of these funds notably prevented restocking and the redevelopment of the retained perimeter blocked the relaunch.

Machine-translated from French