French department store chain Galeries Lafayette has teamed up with Indian retail group Aditya Birla to expand its presence in India. The partnership will see the opening of two stores in Bombay and New Delhi in 2024 and 2025 respectively.
The collaboration between Galeries Lafayette and Aditya Birla Fashion and Retail Limited (ABFRL), a prominent Indian fashion group, aims to tap into the vast potential of the Indian market. With a network of 3,500 stores, ABFRL is well-positioned to support Galeries Lafayette’s expansion plans. In addition to physical stores, the partnership will also see the launch of an exclusive e-commerce platform, galerieslafayette.in.
Providing more details about the first store, slated to open in 2024, Galeries Lafayette revealed that it will be located in the Fort district of Bombay. This historic and bustling area is known for attracting a young demographic that appreciates luxury trends. The store will be situated in a renovated building covering an impressive 8,000 square meters, designed by the architectural firm Virgil & Partners.
Nicolas Houzé, CEO of Galeries Lafayette and BHV Marais, expressed his excitement about expanding into the Indian market, highlighting the growth potential and the alignment of values and vision with Aditya Birla Group. Galeries Lafayette’s international footprint already extends to seven locations, and the entry into the Indian market further underscores their commitment to global expansion. Apart from India, the department store chain has a presence in Berlin, Beijing, Jakarta, Dubai, Doha, Shanghai, and Luxembourg. The company also has plans to open three additional stores in China in 2023.
Overall, Galeries Lafayette’s partnership with Aditya Birla Group reflects their determination to capture the Indian market and cater to the demands of Indian customers. With a strong foothold in India’s major cities and the backing of a reputable retail group, the department store chain is well-positioned for success.
Useful links:
1. Aditya Birla Fashion and Retail Limited
2. Galeries Lafayette Official Website
