Galeries Lafayette downsize in China

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By the end of 2018, a 2nd Galeries Lafayette’s Chinese unit will open in Shanghai within the Pudong Mall, a mall under construction located on Pudong Nan Road (between Shangcheng Road and Dongchang Road) and owned by Lujiazui, one of China’s biggest real estate developers. The store will be managed via a partnership with the Hong Kong listed IT Limited fashion group, as part of a 50-50 joint venture. This store of 25,000 sq.m GLA on 4 floors will be almost 50% smaller than the Beiji

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