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November 27, 2015 5:52 PM ET

Multiline Retail

Company Overview of Societe Anonyme des Galeries Lafayette

Company Overview

Societe Anonyme des Galeries Lafayette operates departmental stores in France. It primarily offers interior decoration, home improvement, do-it-yourself, tableware, homemaking, leisure, and wellbeing; luxury and fashion watch, cloth, and food; beauty, hygiene, and personal care; and household, hardware, and stationery products. The company also provides chandeliers and floor or wall lamps, as well as offers gift cards. It operates its stores under the Galeries Lafayette, BHV, Louis Pion–Royal Quartz, Monoprix, and LaSer brands. The company was formerly known as Galeries Lafayette and changed its name to Societe Anonyme des Galeries Lafayette in 1899. Societe Anonyme des Galeries Lafayette wa...

40 Boulevard Haussmann

Cedex 09

Paris,  75009


Founded in 1893

26,233 Employees


33 1 42 82 34 56


33 1 42 82 30 51

Key Executives for Societe Anonyme des Galeries Lafayette

Chairman of the Executive Board
Age: 68
Chief Financial Officer and Member of the Executive Board
Chairman of Laser and Chief Executive Officer of Laser
Age: 66
General Manager of Department-Store Business, Member of The Executive Board and Chief Executive Officer of Louis Pion - Royal Quartz
Chief Executive Officer of Department Stores Division
Compensation as of Fiscal Year 2015.

Societe Anonyme des Galeries Lafayette Key Developments

Galeries Lafayette Plans to Open Stores in Westfield Milan

Galeries Lafayette launched preliminary contacts with Australia's Westfield Group to possibly open stores at the Westfield Milan real estate project. Westfield Group is partner of Bergamo native businessman Antonio Percassi who is developing the Westfield Milan trade centre project, expected to rise in the Segrate district in Milan close to the Linate airport. The 60-ha centre will host fashion boutiques, design centres, restaurants, entertainment and sports venues.

House of Fraser in Merger Talks

Sanpower Group Co., Ltd. is reportedly in talks to buy House of Fraser Ltd. House of Fraser has been scouting for sale and has also held discussions with other investors understood to include Societe Anonyme des Galeries Lafayette and Sports Direct International plc (LSE:SPD) founder Mike Ashley.

House of Fraser Reportedly Plans Advisor For IPO

House of Fraser, Ltd. is reportedly looking to appoint HSBC and Numis to advise it on a possible £350 million initial public offering. House of Frase has until the end of January 2014 to hammer out a transaction with Societe Anonyme des Galeries Lafayette. House of Fraser is pressing ahead with a dual track process and a float could take place later 2014 if it does not reach an agreement to be sold to the family-owned French retailer over the next few weeks. House of Fraser was in exclusive talks with Galeries Lafayette, with chairman Don McCarthy thought to be looking for a price of about £450 million for the chain. Rothschild is overseeing the possible listing, and House of Fraser held a beauty parade for possible advisers before Christmas. HSBC has been a long-term lender to House of Fraser while Numis advises a number of mid-market retailers. According to Financial times, House of Fraser, Ltd. declined to comment. John King, Chief Executive, on January 2, 2014 dismissed suggestions that the numbers may have been polished to drum up enthusiasm for a possible IPO or takeover bid. “I don’t know how you can dress up nine-week numbers,” said King, who also declined to comment on any sale of float. “We are not dressing it up.”

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