Galeries Lafayette Group places magnificence on the heart of its technique


The retailer, which operates internationally and runs 17 company-owned shops alongside 38 franchised places in France, reported revenues of EUR 3.1 billion in 2025. Whereas secure year-on-year, this marks an 11% enhance in comparison with 2022, in accordance with administration.

Magnificence strengthens its strategic position

Practically two-thirds of the group’s enterprise is generated by the Galeries Lafayette Haussmann flagship retailer. With EUR 2 billion in gross sales (+4% year-on-year), the historic location has now exceeded its pre-pandemic 2019 efficiency, CEO Arthur Lemoine famous throughout a press briefing.

Based on the group, this sturdy efficiency displays the EUR 100 million transformation of the Coupole constructing in recent times, in addition to the rising weight of classes resembling magnificence and footwear.

The retailer intends to additional speed up this momentum with the inauguration, after 18 months of renovations, of a new magnificence area, “the biggest in France.” At Galeries Lafayette Paris Haussmann, the world devoted to perfumes, skincare, and make-up now spans three flooring: a complete of 4,000 sq. meters showcasing some 450 manufacturers.

The bottom flooring, the historic core of the sweetness supply, brings collectively main manufacturers within the class, with devoted areas for Louis Vuitton, Bottega Veneta, Dior, Chanel and Yves Saint Laurent. On the primary flooring, the retailer expands its premium positioning with a concentrate on haute parfumerie and unique collections from main homes, alongside manufacturers resembling Guerlain, Maison Francis Kurkdjian and L’Officine Universelle Buly. Degree -1 concentrates on pores and skin and hair care supply, with practically 3,000 sqm devoted to innovation, knowledgeable manufacturers, in addition to Okay-beauty. The area additionally options an enormous para-pharmacy, managed in partnership with the Carré Opéra group.

This strategic emphasis on magnificence will not be confined to Paris. Certainly, the Galeries Lafayette Group plans to roll out its “ultra-desirable” magnificence idea throughout its home and worldwide community, combining brand-led retail codecs with skincare innovation and selective perfumery.

Funding plan

Disadvantaged of a portion of its Asian clientele through the well being disaster, the division retailer additionally refocused on French buyers, who accounted for 40% of its gross sales in 2025, in comparison with 33% in 2019. Over the identical interval, the share of Chinese language clients fell from 33% to 22%, whereas that of different nationalities rose by 5 factors to 38%.

With 35 million guests in 2025, making it “essentially the most visited place in Europe,” the flagship ranks among the many world’s high malls alongside Harrods and Isetan Shinjuku. The retailer goals to take first place “by way of income, expertise, differentiation and repair,” stated Alexandre Liot, Deputy Managing Director of Galeries Lafayette Group.

The administration staff didn’t disclose the breakdown of the EUR 260 million funding plan, stating solely that EUR 25 million will likely be allotted to the renovation of the lads’s constructing on Boulevard Haussmann in 2026 and 2027, whereas EUR 6 million will likely be invested this yr within the modernization of the Good retailer.

“We imagine within the division retailer’s capacity to reinvent itself” with the required investments, Mr. Lemoine emphasised, the day after competitor Printemps introduced plans to chop jobs and shut its Rennes retailer.

Combined outcomes overseas

Exterior France, the group plans to broaden additional in India, with the CEO highlighting “reasonably passable efficiency” at its first retailer, opened in Mumbai final yr.

Additionally current in Dubai and Doha, the group stated it’s nonetheless taking a “step again” from its Center East initiatives, citing the present geopolitical context.

A downsizing of its operations can also be being thought-about in China, the place the market is “far more complicated,” in accordance with Mr. Liot.

Related Articles

Latest Articles