×
147
Fashion Jobs
NIKE
India Sports Marketing Manager
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Senior Product Manager - Enterprise Service Management (Esm), India – Tech Ops Icc
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
NIKE
Senior Security Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Talent Acquisition Coordinator – India, Icc
Permanent · Bengaluru
SS HOMME - SARAH & SANDEEP
Marketing And PR Intern
Internship · MUMBAI
TARAMA
Graphic Designer
Internship · MUMBAI
MASAR GROUP
IT Support
Permanent · DUBAI
NIKE
Sap Security Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
TLM CONSULTANCY
Merchandising Assistant
Internship · MUMBAI
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
NIYOSSHIC LUXURY CONSULTANCY
PR Assistant
Internship · MUMBAI
NIKE
Senior Dev Ops Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
OUTHOUSE JEWELLERY
Communication Designer
Permanent · MUMBAI
OUTHOUSE JEWELLERY
Store Manager
Permanent · NEW DELHI
NIKE
Senior Sap Application Engineer- Sec Tech, Icc - India
Permanent · Bengaluru
MAC
Make up Artist - Mac - Nykaa Pacific Rajori
Permanent · Delhi
Translated by
Isabelle Crossley
Published
Jan 31, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Galeries Lafayette is coming to Luxembourg

Translated by
Isabelle Crossley
Published
Jan 31, 2018

While Galeries Lafayette has a long term goal of conquering distant lands like China, where 12 openings are planned by 2025, the department store has announced the opening of a location in a country bordering its native France, Luxembourg. The French firm has taken the opportunity to set its ambitions high and has 20 store openings across major world capitals planned for the next five years. 


The plan for the group's future Luxemburg store - Galeries Lafayette


The store opening is planned for the end of 2019 and will comprise of a 9,000-square metre-retail outlet in the heart of the Royal-Hamilius commercial project in Luxembourg’s capital, Luxembourg City. The building that will house the department store is being designed by architect Norman Foster and will be six floors high, with the highest floor being fitted with a panoramic terrace. 

After opening in Germany in 1996 with an installation in Berlin, the French business has now chosen a small neighbouring state that is flourishing under a thriving economy. Galeries Lafayette aims to offer its “know-how on the subjects of home and fashion in both luxury and premium categories to a local clientele who have strong purchasing power in a location that welcomes over 3.5 million international visitors each year,” said the group in a statement. The business is also currently selling duty-free items at 20 of its French addresses. 

Focussing on its international influence, the management of Galeries Lafayette recently created a company section dedicated to international expansion, which is headed by Philippe Pedone.

The department store currently has eight addresses and its reach is set to expand greatly in the coming years. Store openings are planned for Dohar in Qatar and Shanghai in China before the end of this year (2018).

Openings in Kuwait City and Istanbul in Turkey are also planned for 2019. The business’ plan to open a store in Milan in Italy was announced in 2014 for a planned opening in 2017/ 2018. This plan was postponed due to delays with the Westfield Shopping Centre project but Galeries Lafayette have confirmed that it is still on the agenda for 2021.
 
Galeries Lafayette is also about to absorb La Redoute into its business and is expecting revenues to increase by 13 percent compared to last year. The company’s latest disclosed balance sheet shows retail sales of 3.8 billion euros in 2016. Thee company's current goal is to reach a revenue total of 5.5 billion euros by 2020, helped by the addition of La Redoute.

Copyright © 2021 FashionNetwork.com All rights reserved.