We have advised Groupe Galeries Lafayette, a leading French department store chain, on the sale and affiliation of its 11 grand magasins through three simultaneous transactions.
The project involves three transactions, the first is the transfer of the Angers, Dijon, Grenoble, Le Mans, Limoges, Orléans, and Reims Grands Magasins to Société des Grands Magasins (SGM), including its respective buildings. The second is the transfer of the Rosny, Tours, and Pau Grands Magasins, the latter alongside its historical building, to Hermione People & Brands, the retail division of the FIB Group and operating 22 Galeries Lafayette stores acquired in 2018. The third is the transfer of the Avignon Grand Magasin to Philippe Sempéré and Nicolas Chambon, affiliates of the Beziers Grand Magasin.
These transactions are part of the Groupe Galeries Lafayette’s strategy to focus its integrated network on its "flagship" stores in Paris, also across major French cities and internationally.
