French department store chain Galeries Lafayette will open a second China location by early 2019, setting up shop after its retail debut in Beijing in 2013.
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Located in Shanghai’s L Mall in Pudong, the 23,100 square-metre-store is due to open in the second half of the financial year ending February 28, 2019, according to a press release from I.T Ltd, the joint venture partner for Galeries Lafayette in China.
The store will be funded by Galeries Lafayette China internally and will not require additional working capital from the two shareholders, said I.T.
Galeries Lafayette first entered China in 2002, but pulled out soon after, re-entering with a star-studded Beijing store launch in 2013.
In other markets, the Parisian retailer has been on a retail rollout this year, opening its first stores in Istanbul in May and Dubai earlier in the year.
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In the first five months of 2017, the family-owned Galeries Lafayette Group – which covers Galeries Lafayette, BHV Marais, Royal Quartz Paris, Louis Pion, Guérin Joaillerie, BazarChic and InstantLuxe.com — recorded “double-digit growth” compared to 2016.