A court on Monday granted bankruptcy protection to iconic Paris department store BHV Marais, which sparked controversy last year over a partnership with Asian fast-fashion giant Shein, as it aims to safeguard its operations and jobs.
The move comes after the company announced last week that it had sought such protection as part of a “relaunch” of BHV, whose landmark department store has stood in central Paris for around 170 years.
The Paris court granted bankruptcy protection to SEGM BHV, which notably includes the store opposite Paris City Hall and another west of the capital, according to a court document seen by AFP.
SEGM BHV, which employs 660 people, posted a net loss of 1.85 million euros ($2.1 million) last year on…