Turnover: 3.6 billion EUR (2023)
Country: France
- Chain of ready-to-wear stores
- The company has 3,500 partner brands, in addition to offering its own ready-to-wear products under the Galeries Lafayette brand.
- In 2019, Galeries Lafayette announces the opening of a brand new store on the Champs Elysées
- The health group's sales plummeted during the health crisis
- Galeries Lafayette sells BHV and completes a downsizing that saw the sale of Monoprix to Casino), consumer credit company Cofinoga (sold to BNP Paribas) and 29 provincial stores,
News
Galerie Lafayette stages their 130th anniversary 18/09/2024
- - Galeries Lafayette sales in 2023: 3.645 billion euros
- - Year-on-year sales growth: 8%
- - Boulevard Haussmann store sales last year: 1.9 billion euros
Sales, investments... Galeries Lafayette results in 9 key figures 18/06/2024
- 3.645 billion euros: sales in 2023
- 10%: share of international sales in 2023
- 1.9 billion euros: Haussmann store sales
- 30 million visitors to Galeries Lafayette Haussmann
- 19 directly-operated stores (2 in Paris and 17 outside Paris).
- 37 stores operated by affiliates (SGM and HPB)
- six to eight store openings in the Middle East, India and China by the end of 2028.
Galeries Lafayette turns the page on Chinese dependency 14/06/2024
- - In 2019, Chinese customers accounted for 33% of visitors to Galeries Lafayette.
- - By 2023, French customers had risen to 40%, while Chinese customers had fallen to 23%.
- - Sales at Galeries Lafayette Haussmann in 2023 were €1.9 billion, back to their 2019 level.
- - During the 2021 and 2022 confinements, 400 million euros were invested in redesigning Galeries Lafayette spaces.
- - The new women's shoe department at Galeries Lafayette Haussmann has become the largest in Europe, generating a 30% increase in sales.
- - An area dedicated to second-hand goods, called "Restore", generates sales of 90 million euros.
- - Overall sales for the Galeries Lafayette group reached 3.6 billion euros in 2023, with the aim of returning to 2019 levels (3.8 billion euros) by 2024
- - The sale of BHV and 35 outlets outside Paris has helped to absorb Covid losses.
- - Galeries Lafayette plans to expand its presence in India, in Bombay and New Delhi, in collaboration with the local Birla group.
Galeries Lafayette to reduce its stake in Carrefour 26/03/2024
- - Sale of a 3.5% stake in Carrefour for 365 million euros.
- - Sale of BHV Paris and a series of buildings to the property company SGM by the Moulin family for an estimated 500 million euros.
- - Previous acquisition of 7 Galeries Lafayette stores outside Paris by SGM and the sale of 22 outlets in 2018 to Financière Immobilière de Bordeaux.
- - After the sale, the Moulin family's stake in Carrefour falls to 7.7% of the capital and 13.3% of voting rights.
- - Peninsula, with 8.8% of the capital, becomes Carrefour's largest shareholder.
Galeries Lafayette: threat to 25 department stores owned by Michel Ohayon 14/02/2024
- Camaïeu liquidated
- Go Sport, Gap and La Grande Récré were taken over by rivals at the bar of the commercial court after filing for bankruptcy
- Cafés Legal was resold
- 25 Galeries Lafayette department stores owned by the Bordeaux businessman are awaiting the decision of the Bordeaux commercial court, which is examining the draft plan for the exit from the safeguard procedure of these stores, which employ over 1,000 people.
Galeries Lafayette renovates its department stores 22/12/2023
- The Group's real estate portfolio, which totalled 1.2 million square metres some fifteen years ago, now stands at 700,000 square metres
- The group owns 19 of its own centers.
- Renovation work is underway in several cities: Metz (delivery in 2014), Marseille (2015), Paris Champs-Elysées (2019) and Annecy (2023)
- Two other renovation projects are underway in Biarritz and Lyon Bron, scheduled for completion in 2025.
- The Lyon Bron building has benefited from an investment of over 100 million euros, and its surface area has been increased by 15,000 m2.
With Berlin, Galeries Lafayette cuts off a source of losses 06/10/2023
- Galeries Lafayette will leave Berlin at the end of 2024.
- The French-style department store's move to Berlin in 1996 was its first outside France.
- 190 employees work for Galeries Lafayette in Berlin.
- In 2018, Galeries Lafayette began a refocusing strategy with the sale of 22 stores to businessman Michel Ohayon.
- In 2021, a further 7 stores were sold to Société des Grands Magasins.
- In early 2023, SGM took over the BHV Marais in the heart of Paris, as well as 80,000 square meters of real estate.
SGM, the real estate company reviving seven Galeries Lafayette stores 06/01/2023
- Early 2020: acquisition of 7 Galeries Lafayette stores in Limoges, Orléans, Reims, Angers, Dijon, Grenoble and Le Mans
- Sales 2021: 115 million euros
- 650 employees
- 25 million euros invested to refresh stores
Galeries Lafayette aims to attract new customers with its wellness area. 07/07/2022
- Galeries Lafayette has set up 3,000 square meters dedicated to body and facial treatments and sports, with a host of practitioners and services ranging from saunas to nail bars
- The project is said to have required an investment of nearly 10 million euros.
- The "Wellness Galerie" is a 200-square-meter gym equipped with state-of-the-art equipment, and 800 square meters dedicated to beauty and skincare products
- The beauty area is located in the basement of the department store's beauty department, where classic luxury brand corners reign supreme
Financial Data
DUNS: 957503931
Legal Name: MAGASINS GALERIES LAFAYETTE
Address: 27 RUE DE LA CHAUSSEE D'ANTIN , 75009 PARIS
Number of employees: Entre 2 000 et 4 999 salariés (2021)
Capital: 670 400 EUR
Financial Data:
| Year | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|
| Turnover | 1 165 188 000 | 1 316 109 000 | 1 392 725 000 | 1 384 872 000 |
| Gross margin (€) | 1 983 677 000 | 451 809 000 | 500 343 000 | 1 408 605 000 |
| EBITDA (€) | 809 634 000 | 12 279 000 | 20 764 000 | 1 293 000 |
| Operating profit (€) | 16 393 000 | -18 124 000 | -11 669 000 | -24 416 000 |
| Net profit (€) | -15 624 000 | -17 600 000 | -19 956 000 | -27 605 000 |
| Turnover growth rate (%) | -11,5 | -5,5 | 0,6 | -5 |
| Ebitda margin rate (%) | 69,5 | 0,9 | 1,5 | 0,1 |
| Operating margin rate (%) | 1,4 | -1,4 | -0,8 | -1,8 |
| Working Capital (turnover days) | -24,4 | -17,4 | -18,4 | -52 |
| Working Capital requirements (turnover days) | -2,3 | 5,5 | -4,5 | -48 |
| Net margin (%) | -0,1 | 1,3 | -1,4 | -2 |
| Added value / Turnover (%) | 100 | 33,1 | 35 | 100 |
| Wages and social charges (€) | 114 135 000 | 150 729 000 | 165 608 000 | - |
| Salaries / Turnover (%) | 9,8 | 11,5 | 11,9 | - |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président | Nicolas | Houzé | 51 | |
| Directeur général | Alexandre | Liot | 45 |
Studies mentioning this company
The women's ready-to-wear market - France
Other companies mentioned:
- Inditex groupe (Zara)
- Camaïeu
- SMCP Groupe (Sandro)
- Chanel
- Zalando
- Kiabi Europe
- La Halle
- Beaumanoir Groupe
- GEMO (Eram Groupe)
- H&M Groupe
- Comptoir des Cotonniers (Fast Retailing Group)
- The Kooples Diffusion
- Maus Frères
- SRP group (Showroomprivé)
- Naf Naf
- Les 3 Suisses
- Doudounes JOTT
- Mytheresa
- Blanche Porte
- Galeries Lafayette
- Printemps Groupe
- SMCP Groupe (Claudie Pierlot)
- SMCP Groupe (Maje)
- Zadig et Voltaire
- Kookaï
- Indies Groupe
- Forever 21
- Grain de Malice
- Maison Montagut - Le Chatelard
- Isabel Marant
- Vinted
- Sonia Rykiel
- Abercrombie & Fitch
- American Eagle Outfitters
- Ann Taylor (Ann Inc.)
- Pierre Cardin
- Eric Bompard
- Massimo Dutti (Inditex groupe)
- Almé
- Levi’s
- Paule Ka
- Esprit
- Des marques et vous - Devianne
- Sessun
- Jennyfer
- Maison 123
- Images corp
- Abercrombie & Fitch France
- Acturus France
- Ajrl Retail
- Albert Delalonde
- Am Retail
- Am Retail Sud
- Armand Thiery (At)
- Bc Chambray
- Beaba
- Bermudes
- Bershka France
- Bestseller Stores France
- Boggi France
- Brielton Vétimarche
- Brion Sisters
- Brunello Cucinelli France
- Bzb
- Café Coton
- Cariboo
- Ccv
- Ccv 18
- Ccv 25
- Ccv 35
- Ccv 62
- Ccv 76
- Ccv 80
- Celio France
- Celtat
- Cl Distribution (Cld)
- Comptoir Des Cotonniers
- Davimar
- Diesel France
- Ephigea
- Et Diffusion
- Ets Charles Chevignon (Chevignon)
- Father And Sons
- Fcr Franconville
- Flanker
- Forest
- Fos
- Francesco Smalto International
- Franciatex
- G Distribution
- G Star Retail France
- Gc 84
- Gd Distribution
- Ginger
- Guess France
- Hackett
- Hartwood
- Idème
- Ikks Retail
- Indigo Gallery
- Ints France
- Jules
- K Way France
- Kaporal Stores
- Kerlin'S
- Kiabi Europe
- À La Ville De Paris
- Ma Fee
- Magasinage Administration Et Gros (Samag)
- Maison 123
- Majesticfilatures Retail
- Mango France
- Mascot International
- Massimo Dutti France
- Mdm
- Mdsa
- Miroglio France
- Mise Au Green
- Modessa France
- Msfr
- Paprika France
- Paris Ols
- Plmb
- Pmc
- Primark France
- Promod
- Promotion Du Prêt A Porter (Ppp)
- Pull & Bear France
- Salsa France
- Sanejo
- Schiever Textile
- Sedev
- Sicar
- Sl Distribution
- So Fra De
- Springfield France
- Sté 2Adp
- Sté D'Exploitation De Boutiques À L'Enseigne De Marques (Sebem)
- Sté Européenne De Distribution Directe A Domicile (Se3D)
- Sté Franck Et Fils
- Sté Provençale D'Achat Et De Gestion (Spag)
- Standard
- Stock J Boutique Jennyfer
- Stradivarius France
- Suit Supply France
- Superdry France
- Takko Fashion France
- Tpl Boutiques
- Wargnier Denis (Wd)
- Zara France
The make-up market - France
Other companies mentioned:
- Sephora
- Kiko Milano France
- Nocibé (Douglas Groupe)
- Marionnaud France
- L'Occitane Groupe
- Chanel
- Bourjois (Groupe Coty)
- Estée Lauder
- Coty (JAB Holdind)
- Revlon
- Shiseido
- Rimmel London (Groupe Coty)
- Cosnova
- Groupe Rocher (Yves Rocher)
- Mac Cosmetics (Estée Lauder)
- Yves Saint Laurent Parfums (Groupe L'Oréal)
- Groupe NOVI
- Avril Beauté
- Make up for ever (Groupe LVMH)
- Adopt Parfums
- Clarins Groupe
- The Body Shop
- Givenchy
- Lancôme (L'Oréal)
- Sisley
- Dolce & Gabbana
- Beiersdorf
- Sanoflore
- Nuxe
- Eau Thermale d'Avène (Pierre Fabre Groupe)
- Galeries Lafayette
- Mademoiselle bio
- Amorepacific
- Avon Products
- Kose
- Mary Kay
- Maybelline (L'Oreal)
- Guerlain
- Benefit
- Nyx Professional make Up (L'Oreal)
- Urban Decay (L’Oréal)
- E.L.F
- De Blangy (INK AND OUT)
- La Bouche Rouge Paris
- Pardi
- Absolution
- Bioeven
- Antipodes Nature
- April Beauty Bogart groupe
- Ayanature
- Baïja (Bain & Nature)
- Beauté Privée
- Biotyfull Box
- BoHo Green
- Cosmelab
- Couleur Caramel
- Mes Cosmétiques Français
- Mycosmetik
- Panier des Sens
- Yumi Beauty
- SRP group (Showroomprivé)
- Silgan Dispensing France
- Cosmogen
- Ciaté London
- Pink Gellac
- Flormar