The Galeries Lafayette group will continue to invest heavily in renovating its existing stores and opening new outlets abroad. A budget of 400 million euros, equivalent to that of the last five years, will be used between now and 2030.
Galeries Lafayette is constantly changing…
And that’s what makes them so desirable, 130 years after their creation.
But these changes are far from free.
For the next five years, from 2025 to 2030, the French department store group will be investing a further 400 million euros, in France and abroad, explained Nicolas Houzé, Chairman of the Management Board of the unlisted family business, in a recent interview with La Tribune.
100 million euros for Lafayette Haussmann
This is equivalent to the amount already invested over the past five years in modernizing its store network. A quarter (100 million euros) has gone into revamping the flagship store on Boulevard Haussmann. The results have sometimes been obvious to customers, as with the renovation of the store’s mythical cupola in 2021.
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Read also > Galeries Lafayette: Emmanuelle Greth appointed Director of Human Resources and Sustainable Development
Front page photos: © Galeries Lafayette
