The recovery project desired by management is based on an investment plan financed in particular by these compensations. These were to be paid in exchange for returning more than half of the store to the lessor in the spring.
This procedure is, for BHV, the framework for the relaunch, not its failure, assures the department store. Management thus specifies that two projects are necessary: on the one hand the recovery investments, on the other hand the treatment of the liabilities.
Management emphasizes that these compensations have not been paid. The relaunch was to be launched in the summer with these funds to restock, rearrange the retained perimeter and get back to talking to customers, but without these funds, it could not be done.
The Parisian department store BHV is facing cash flow difficulties and accuses its owner, Brookfield, of not having paid it contractual compensation.
Management goes on to state that this procedure provides authority and a timeline to enforce agreements signed by the lessor and include them in the plan.
For his part, the owner Brookfield refutes the accusations made by the Parisian department store.
Brookfield, the owner of the walls, refutes the accusations made by the Parisian department store.