Galeries Lafayette in talks to cede ownership of historic Paris department store
Paris-based multichannel retailer Galeries Lafayette is in talks to sell subsidiary historic department store BHV Marais.
Paris-based multichannel retailer Galeries Lafayette is in talks to sell subsidiary historic department store BHV Marais.
Luxury Daily’s live news: Prada unveils ‘A Simple Gesture’ holiday campaign celebrating anticipation; Porsche, Paralympics champion Oliver Lam-Watson tackle disability misconceptions; Raffles, Fairmont open restaurants in Qatar ahead of hotels’ Doha launch; Galeries Lafayette names new CEO for La Redoute with full ownership of French retailer; Fewer investments being made in US high-priced real estate as economic uncertainty takes toll.
Luxury Daily’s live news: Prada unveils ‘A Simple Gesture’ holiday campaign celebrating anticipation; Porsche, Paralympics champion Oliver Lam-Watson tackle disability misconceptions; Raffles, Fairmont open restaurants in Qatar ahead of hotels’ Doha launch; Galeries Lafayette names new CEO for La Redoute with full ownership of French retailer; Fewer investments being made in US high-priced real estate as economic uncertainty takes toll.
The move comes at the same time as 51 percent stakeholder Galeries Lafayette group buys out the remaining shares to become full owner of La Redoute, a French online retailer of fashion and homeware.
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Luxury Daily’s live news: Louis Vuitton’s new cruise 2023 collection campaign is sunny; Cunard taps Royal Canadian Geographical Society to marry knowledge with discovery; Galeries Lafayette, expanding global footprint, enters India with Aditya Birla Group; Farfetch bets on resiliency of luxury market as it addresses Q3 financial performance.
Via this collaboration, Galeries Lafayette flagship department stores will open in Mumbai and New Delhi, which represent the two largest luxury markets in India.
French department store Galeries Lafayette is celebrating its own brands by offering audiences an inside look at what makes them unique through a new interview series.
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Luxury Daily’s live news: LVMH supports artisan collaboration through La Fabrique Nomade partnership; Fendi taps Adwoa Aboah for high-flying Peekaboo vignette; Galeries Lafayette focuses on wellness with new in-store experience; St. Regis to debut in Goa this summer; Lexus relaunches LX 600 with empowering multichannel effort.