The BHV Marais, a Paris department store placed in receivership, will not reopen this weekend. Closed on Monday at 4 p.m. over an insurance issue, the establishment aims to resume operations on Tuesday or Wednesday, its management announced on Friday.
The closure, described as abrupt, extends a shutdown decided on Monday evening. It concerns a department store in the Marais whose management says it wants to reopen as soon as the remaining insurance-related points are finalized.
This resumption remains"subject to acceptance by each party,"he added. He specified that employees' pay would be maintained during the closure period.
On Friday morning, management presented the situation to the elected members of the social and economic committee. It assured that the coverage allowing the store to open had not been suspended.
"Our civil liability insurance has never been interrupted and covers the legal framework required to open,"the executive said, according to the minutes of this presentation.
He also indicated that he had received two proposals on Friday for property, fire and business-interruption insurance. These offers are intended to replace the contract that predated the receivership.
BHV Parly 2 is also affected by the closure, management specified. Friday's announcement confirms that the reopening of the sites concerned remains conditional on acceptance by each party.
The case is part of a longer sequence. This summer, management announced a recovery plan before running into a cash shortage.
It links this shortage to a dispute with Brookfield, owner of the premises since January. Brookfield firmly disputes this explanation.