Fri, November 26, 2010
Video > SINA Podcast Collection

Galeries Lafayette to open in China

2010-11-26 01:08:23 GMT2010-11-26 09:08:23 (Beijing Time)  SINA.com

French department store Galeries Lafayette is to open up to 15 new stores in China.

The move comes after the retailer finalised a deal with the Hong Kong based fashion group I.T. Ltd.

Galeries Lafayette has also signed a lease agreement with a Chinese property firm.

The Chief Executive of the upmarket store expects annual sales of between 40 and 50 million euros at each of the Chinese mainland shops.

The retailer is expanding globally to offset a weak consumer market in France.

(Source: Reuters)

Add Your Comments:

Your Name:
Your Country:
Comment:
(English Only)
 
Please read our Terms of Service. Messages that harass, abuse or threaten others; have obscene or otherwise objectionable content; have spam, commercial or advertising content or links may be removed.

SPECIAL COVERAGE

MOST VIEWED

LATEST VIDEO

PICTURE GALLERY