Galeries Lafayette: New impetus in China, concern for the 25 French stores in provinces

Featured image of the article Galeries Lafayette: New impetus in China, concern for the 25 French stores in provinces

An article by Sophie Baqué

Publication

28 April 2023 à 16h38

Updated on 9 May 2023 à 15h20

Reading time

2 minutes

Publication: 28 April 2023 à 16h38, Updated on 9 May 2023 à 15h20

Reading time: 2 minutes

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While Galeries Lafayette has signed with a new Chinese partner, in France, the financial safeguard procedure for 26 department stores raises stakes of territory appeal at a national level.

An article by Sophie Baqué

Publication

28 April 2023 à 16h38

Updated on 9 May 2023 à 15h20

Reading time

2 minutes

Publication: 28 April 2023 à 16h38, Updated on 9 May 2023 à 15h20

Reading time: 2 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
Add to reading list Remove from reading list
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On 6th April, during the visit of the presidential delegation to China, the C.E.O. of Galeries Lafayette Nicolas Houzé announced their new partner as the listed commercial property group Hopson Group, which replaces the Hong Kong fashion retail specialist IT. “IT has been losing momentum for a while, and had already lost some brand partnerships due to funding issues, said Selvane du Menil, CEO of IADS. However, this decision primarily highlights Galeries Lafayette’s desire to accelerate in...

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Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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