Galeries Lafayette believes its China operations can become a one billion euro business and the French retailer aims to have ten stores across the nation by 2025, including a new store here that soft opened Saturday and a Beijing unit.
By 2025, the retailer plans to open in some of the fastest-growing cities in China, with the brand currently looking at opportunities in Guangzhou, Xiamen, Suzhou, and Chongqing, although plans have yet to be finalized. Galeries Lafayette is still a hot brand and all the developers want to work with Galeries Lafayette.
The company’s Haussmann location in Paris has been especially successful in attracting and brand building amongst Chinese shoppers. Continue reading