By  on March 23, 2019

SHANGHAI — Galeries Lafayette believes its China operations can become a 1 billion euro business and the French retailer aims to have 10 stores across the nation by 2025, including a new store here that soft opened Saturday and a Beijing unit.

Chief executive officer Nicolas Houzé was touring the company’s newest store in Pudong, a five-story, 270,000-square-foot space situated in the recently developed L+Mall. The store is the second Galeries Lafayette in China after its first foray into the market with a Beijing unit in 2013 as part of a 50/50 venture with I.T Group.

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