Mayor criticizes BHV Marais transparency

The mayor of Paris, Emmanuel Grégoire, has raised concerns about the lack of transparency regarding the BHV Marais, a historic department store in the city. He described the situation as "like milk on fire," emphasizing his serious worries about the store's current state and financial dealings.

Financial solidity questioned

Grégoire questioned the financial stability of the current operator of the BHV Marais, recalling that the labor inspection had initiated legal action to clarify the financial status of the store’s acquirer. The labor inspection suspects the store, which was sold at a loss in June by the SGM (Société des grands magasins) to some of its executives, of facing payment difficulties, a claim the management denies.

Store reopens after supplier issues

The ground floor of the BHV Marais reopened in mid-September after it had been temporarily abandoned by its suppliers due to unpaid bills and a controversial partnership with the Asian retail giant Shein. About 150 people gathered the day after the reopening, organized by the intersyndical, which accused the management of undermining the Parisian institution despite a proposed revival plan.

Mayor urges proper bankruptcy process

Grégoire stated, "To put it very clearly, if it has to go bankrupt, I would like it to happen under conditions that respect a quality PSE (Plan de sauvegarde de l'emploi)." The Bazar de l'Hôtel de ville, a 170-year-old department store, is located in front of the Paris city hall.