Galeries Lafayette banking on Chinese customers

Publication

16 April 2019 à 11h55

Updated on 10 May 2019 à 16h10

Reading time

2 minutes

Publication: 16 April 2019 à 11h55, Updated on 10 May 2019 à 16h10

Reading time: 2 minutes

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Publication

16 April 2019 à 11h55

Updated on 10 May 2019 à 16h10

Reading time

2 minutes

Publication: 16 April 2019 à 11h55, Updated on 10 May 2019 à 16h10

Reading time: 2 minutes

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The Galeries Lafayette Group (sales of €4.5 billion in 2017) twice made headlines with strategic news in March 2019. The Group opened 2 stores. The first is over 6,500 sq.m GLA in Paris on the Champs Elysees, still under the shock from the “Yellow Vests” demonstrations. Covering 5 floors, a second store is over 25,000 sq.m GLA in Shanghai, located in the financial district of Pudong that is expected to become China’s fashion Mecca. The Shanghai store will be officially inaugurated in...

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