Brookfield news and archive

Brookfield Asset Management acquires BHV Marais

The name of the entity that has acquired BHV Marais, an iconic department store in Paris that hosts the first Shein retail department, is now known: Brookfield Asset Management, a global Canadian asset management fund, has acquired BHV Marais from the Galeries Lafayette group. In a letter to employees dated January 27, 2026, Frédéric Merlin of...

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Mall owners Brookfield and Simon to pull JCPenney out of bankruptcy

J.C. Penney Company, Inc. has announced that it has reached an agreement in principle to sell JCPenney through a court-supervised sale process to Brookfield and Simon for 1.75 billion dollars, which includes a combination of cash and new term loan debt. “We have determined that an agreement with Brookfield and Simon, as well as the formation of...