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

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.

Through Sophie Baqué. Published on 02 May 2023 à 12h32 - Update on 09 May 2023 à 15h20

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.…