By  on November 30, 2010

PARIS — French department store operator Galeries Lafayette and Hong Kong-based investment holding company I.T Limited have created a joint venture to open Galeries Lafayette department stores in Greater China. The first is set to launch in Beijing in 2013.

The 194,000-square-foot unit, to be located in city’s Xidan commercial district, will be Galeries Lafayette’s first directly managed department store in Asia, the company said.

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