Galeries Lafayette moves to the Champs-Elysées in 2018 | RetailDetail

Galeries Lafayette moves to the Champs-Elysées in 2018

Galeries Lafayette moves to the Champs-Elysées in 2018

French luxury department store Galeries Lafayette will move to the former Virgin Megastore on the Champs-Elysées. It will require a whole range of improvements, which mean it will only arrive on the famous street in 2018.

Expensive rental fee

 

The rental agreement will be signed by the end of 2014 and it will become the "reference flagship store" for the Galeries Lafayette, in a 9,000 sqm store.

 

Volkswagen and Primark were also possible additions to the Champs-Elysées, with a possible rental fee of 17 million euro per year. Galeries Lafayette currently runs 250 stores which attract 1 million visitors per day.

Questions or comments? Please feel free to contact the editors


Belgian CEO leaves Le Pain Quotidien

23/02/2018

After seventeen years, Vincent Herbert has decided to step down as Le Pain Quotidien CEO. Jerry Gamez, who has plenty of experience at fastfood chain Burger King and Walmart, will succeed him.

Takeaway.com acquires Eastern European competitors

23/02/2018

Fast food supplier Takeaway.com acquired its Bulgarian competitor BGmenu and its Romanian competitor Oliviera in yet another step towards its goal of being the European market leader.

Spar will trial contact-free and cash register-free payments

22/02/2018

Retail Partners Colruyt Group – Colruyt Group’s entrepreneurial division – is creating an app for Spar which allows customers to use their smartphones to scan and pay for their own groceries.

Duvel Moortgat adds Italian brewery

22/02/2018

Duvel Moortgat increased its minority stake in Italian brewery Birrificio del Ducato to 70 %. The Belgian brewery, known for Vedett, has been part of the brewery near Parma since 2016.

Colruyt removes Nestlé products from its shelves

21/02/2018

Colruyt has taken at least 18 Nestlé products from its shelves, because it failed to reach a deal about the pricing. For that reason, the products have been temporarily removed from Colruyt stores.

Supermarkets react to European farmer welfare proposal

20/02/2018

Some supermarkets are not happy about the European Commission’s intention to give farmers higher prices. Dutch, German and Austrian distributors warn this will lead to higher prices for the consumers.

Back to top