Galeries Lafayette accelerates its expansion in China and signs for a new Shenzhen store due to open in early 2023

Galeries Lafayette accelerates its expansion in China and announces the opening in early 2023 of a store in Shenzhen’s dynamic, young district of Futian. The new lease, signed with real estate company Shum Yip, is part of the Group’s strategic expansion plan which aims to have ten stores in China by 2025.

Galeries Lafayette at ILTM, International Luxury Travel Market at the Palais des Festivals in Cannes. Copyright: Mandoga Media

After Beijing and Shanghai, Galeries Lafayette is now moving into southern China, opening a new
chapter in Shenzhen’s retail and fashion market. This metropolis of 15 million inhabitants plays a key
role in the “Guangdong–Hong Kong–Macau Greater Bay Area” development and is one of the world’s
fastest growing Tier 1 cities. It is also the world centre for innovation, technology and fashion, and is
very popular with Generation Z. In this booming market, Galeries Lafayette wants to establish itself as
a benchmark at UpperHills, the new international urban complex developed by state-owned company
Shum Yip to offer visitors an upmarket shopping, dining and leisure experience. Galeries Lafayette will
roll out a brand-new store concept at UpperHills with a focus on unique store design and a highly
curated multibrand selection targeting this city’s young, dynamic shoppers.
At the lease signature, Philippe Pedone, Head of International Development for Galeries Lafayette,
declared: “In the midst of a turbulent health crisis, we have taken the time to deepen our
understanding of the market and identify the most appropriate cities in which to deploy our brand for
the long term. For this new stage of our expansion in China, we are delighted to join forces with Shum
Yip group, a strategic partner that enables us to grow our presence in southern China and offer our
visitors the Galeries Lafayette brand’s fashion and lifestyle expertise.”