Galeries Lafayette Group places magnificence on the middle 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 function

Almost 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.

In response to 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 corresponding to magnificence and footwear.

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

The bottom ground, 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 ground, the retailer expands its premium positioning with a concentrate on haute parfumerie and unique collections from main homes, alongside manufacturers corresponding to Guerlain, Maison Francis Kurkdjian and L’Officine Universelle Buly. Stage -1 concentrates on pores and skin and hair care supply, with almost 3,000 sqm devoted to innovation, skilled manufacturers, in addition to Ok-beauty. The house additionally options an enormous para-pharmacy, managed in partnership with the Carré Opéra group.

This strategic emphasis on magnificence is just not 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 prospects 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 shops alongside Harrods and Isetan Shinjuku. The retailer goals to take first place “by way of income, expertise, differentiation and repair,” mentioned Alexandre Liot, Deputy Managing Director of Galeries Lafayette Group.

The administration workforce didn’t disclose the breakdown of the EUR 260 million funding plan, stating solely that EUR 25 million can be allotted to the renovation of the lads’s constructing on Boulevard Haussmann in 2026 and 2027, whereas EUR 6 million can be invested this 12 months within the modernization of the Good retailer.

“We imagine within the division retailer’s means 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

Outdoors France, the group plans to develop additional in India, with the CEO highlighting “reasonably passable efficiency” at its first retailer, opened in Mumbai final 12 months.

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

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