The French newly-opened Galeries Lafayette store opened in Shanghai last Saturday. This is the second Lafayette store in China gallery in China, since the first was opened in Beijing in 2013.
The company opens 2025 businesses in the Chinese market and will present its WeChat mini program in the second quarter of the year.
It covers 25,000 square meters and five floors of fashionable boutiques, including fashion creations around the world, including Chinese designer brands.
Galeries Lafayette is expanding throughout the world, and China is an important market for the future expansion and growth of the company, said Nicolas Houzé Galeries Lafayette and BHV Marais, CEO. China's market is expected to be second-largest after France.
Nicolas Houzé informed the Xinhua News Agency that the company had significant contacts between China and France; Meanwhile, Chinese tourists added around 20% of sales to Galeries Lafayette in France.
The new store is located in the commercial area of Pujun Lujiazui. The second is the financial center of the town, which is becoming a key place for fashion.
Shanghai's main store was developed by Galeries Lafayette by I.T Limited through a 50/50 joint venture and is expected to open in October.
Shanghai wants to become a world-class fashion center. According to statistics, more than 300 brand names have opened their first stores in China in 2018, and more than 3,000 brands have launched their new products.