Paris department store BHV Marais seeks bankruptcy protection
· Economy · France
Storied Paris department store BHV Marais sought bankruptcy protection, saying the move was aimed at protecting its operations and jobs. The store is a landmark in the French capital's retail landscape.
Why it matters:The case reflects pressure on traditional department stores from e-commerce and changing shopping habits in European cities.
Key points
- BHV Marais filed for bankruptcy protection.
- It said the move aims to protect operations and jobs.
Sources (original reporting)
More stories from this day
- French bill making rioters pay for damage faces backlash
- Mbappe apologises for Mao remark after China backlash
- Fed expected to hold rates, signaling path after September hike
- Japan's Nidec to sue former executives over accounting issues
- Thousands rally in Portugal over housing crisis
- Israel election deadlocked as Eisenkot bloc edges Netanyahu