France
famous department store - Galeries Lafayette will continue bullish
about the prospects of China’s market. It is said, Galeries Lafayette
have begun to siting the second department store in China.
Chief
Executive Officer of Galeries Lafayette Philippe Houze said the Beijing
store would be a “test”, the company is siting China’s second store. At
the same time , Galeries Lafayette is also seeking acquisitions to
expand financial resources. Recently, Galeries Lafayette acquired Didier
Guerin,Didier Guerin is a jewellery brand in France,having total of 34
stores in the Paris region and its turnover close to 50 million euros in
2011.Philippe Houze thinks that the downturn of global economic makes
it easy for company acquisitions.
15
years ago Galeries Lafayette failed in Wangfujing shopping district for
poor performance. Galeries Lafayette and Hong Kong I.T retail company
established joint venture . The shopping mall will be opened in the
second quarter of next year in Beijing. It is said that Galeries
Lafayette still selling hand-made to high-end customers, Its operation
will different from Xidan joy city, zhongyou department store, Grand
Pacific Department store and Xidan Shopping Mall. It will be the first
semicolon in Asia for Galeries Lafayette.
Source: http://english.ctei.gov.cn/innews/domestic/201208/t20120817_1375891.html
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