• Galeries Lafayette eyes one billion euros in China

    26 days ago - By Fashion United

    French department store Galeries Lafayette has ambitious expansion plans for its presence in China: The iconic department store chain is planning to open around ten new stores in China by 2025 and achieve revenues of one billion euros .
    "We are targeting around 10 stores in China. We think we could reach 1 billion euros turnover from China, and make China the biggest market after
    France," said Nicolas Houze, chief executive officer of Galeries Lafayette and French concept store BHV Marais, according to China Daily .
    Galeries Lafayette has been operating in China since 2013 and opened its...
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  • EXCLUSIVE: Galeries Lafayette Unveils New Champs-Elysées Flagship

    EXCLUSIVE: Galeries Lafayette Unveils New Champs-Elysées Flagship

    26 days ago - By WWD

    PARIS - When Galeries Lafayette revealed in 2014 it planned to take over the lease of the former Virgin Megastore on Avenue des Champs-Elysées, it could not have predicted that the opening of its new flagship would coincide with the most violent protests the city has seen in 50 years.
    Nicolas Houzé, chief executive officer of Galeries Lafayette and BHV Marais, hopes that when the store at number 60 bows on Thursday, it will help write a new chapter in the history of the legendary thoroughfare, the scene of repeated clashes between police and gilets jaunes, or yellow vests, demonstrators...
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