Galeries Lafayette news and archive

Galeries Lafayette unveils 400 million euro five year reinvention plan

Nicolas Houzé, representing the fifth generation of the Galeries Lafayette family group, has just unveiled his plans for the future, with 400 million euros allocated to modernization and innovation over five years. A bold bet to preserve the growth and profitability of the stores, while responding to the challenges of global competition and...

Retail

Rains making waves: Pop-up in Galeries Lafayette

Rains has opened a pop-up space at the Paris Haussmann location of French luxury retailer Galeries Lafayette. The 30 square meter temporary space is located in an atrium in the menswear area, Rains announced on Thursday. The Danish outerwear brand will also be stocking some of the shop windows for the period until October 14. Rains has its...

Retail

Savage X Fenty teams up with Galeries Lafayette and arrives in France

As part of an ongoing international expansion strategy, Savage X Fenty, the lingerie brand founded by Rihanna, has chosen to partner with French department store Galeries Lafayette. Starting September 12, the deal allows the brand to be distributed in nine Galeries Lafayette stores across France, including stores in Marseille Prado, Béziers,...

Business

Galeries Lafayette and Motier: New management structure with focus on new generation

Motier, the holding company that owns the Parisian department store chain Galeries Lafayette, is changing its management structure. 97-year-old Ginette Moulin is handing over her role as head of the family holding company to the fourth and fifth generations of the Moulin family. Philippe Houzé, son-in-law of Ginette Moulin, will be the new...

Retail

Paris: Galeries Lafayette opens pre-owned watch and jewellery space

Galeries Lafayette Haussmann, the flagship department store of Galeries Lafayette in Paris known for its Art Nouveau Dome, has opened a dedicated space for pre-owned watches and jewellery. On LinkedIn, the Galeries Lafayette group explained that the opening of this new space reflects a strong demand from its clientele. Located on the ground...

People

CEO of France's La Redoute to resign at the end of July

La Redoute, owned by the Galeries Lafayette group, announced on Thursday that its CEO, Philippe Berlan, will step down at the end of July. He wants to “pursue a new professional opportunity”. An interim CEO will be appointed until a successor is found. Philippe Berlan, who has been CEO since March 2022 and was previously deputy CEO, will leave...

RetailFeatured

India's luxury market poised for expansion, says Barclays

India's luxury market is primed for substantial growth, according to Barclays, with forecasts indicating an annual expansion of 15 percent to 25 percent over the next seven years. This trajectory could elevate the market's value to an impressive 23 billion euros to 38 billion euros. The driving force behind this surge, Barclays notes, is India’s...

Retail

WRC 2024: 'We greatly value local consumers', say CEOs of Harrods and Galeries Lafayette

Michael Ward, managing director of Harrods (London), and Nicolas Houzé, CEO of Galeries Lafayette (Paris), have shared their expert advice at the World Retail Congress, the international event for retail professionals that kicked off on Tuesday and concludes its talks today, April 18. Host Selvane Mohandas du Ménil asks the two major retail...

Business

Galeries Lafayette announces end for Berlin department store

The only German branch of French department store chain Galeries Lafayette will close at the end of 2024 after almost 30 years. The lease for the branch on Friedrichstraße in Berlin with property owner Tishman Speyer will not be renewed, the department store announced on Wednesday. Operations will cease once the lease expires at the end of 2024....

Business

Galeries Lafayette forms joint venture with China’s Hopson Group

French department store group Galeries Lafayette has established a joint venture with China’s real estate firm Hopson Group as it looks to bolster its plans to scale in the region. Through the strategic partnership, Galeries Lafayette is hoping to build up its roll out in China, stepping up the pace of openings to reach 10 stores by 2025, while...

Business

France's Ohayon empire and its string of subsidiaries

Bordeaux - Chain shops but also palaces, buildings, coffee, wine, higher education institutions or a spa: French businessman Michel Ohayon, who has recently been in the sights of the Paris public prosecutor's office, has invested in just about everything with his family. After the liquidation of clothing chain Camaïeu and the receivership of Go...

Retail

Galeries Lafayette will open two stores in India

Galeries Lafayette announced on Thursday the confirmation of a partnership with the Indian group Aditya Birla to develop its presence in India, where the French group plans to open two stores in 2024 and 2025. In order to "pursue [its] international deployment strategy", the Galeries Lafayette have entered into an "exclusive partnership" with...