PARIS and GUIYANG, China, Oct. 23, 2020 /PRNewswire/ — After opening two emblematic stores in Beijing and Shanghai, Galeries Lafayette continues to expand in China and announces the leasing of a third store in Guiyang, the capital of the high-potential southwestern province of Guizhou in the district of Nanming. Its new flagship store will occupy 11,500 sq. m on two floors in the D. Place Shopping Mall owned by HLC Group, which is due to open partially in 2021. The Galeries Lafayette store will be inaugurated in Spring 2022.
For the past eight years, Guiyang’s GDP growth rate has led that of other provincial capitals across China as its consumers increase their demands for high-quality lifestyle. As the Guizhou Province’s political, economic, cultural and entertainment, transportation and logistics center, Guiyang offers huge consumption potential. In recent years, Guiyang has made great efforts to build its brand mission around the concept "Cool Guiyang · Shopping Paradise".
Commenting on the signing, Philippe Pedone, International Development Senior Vice-President for Galeries Lafayette, declared: "A year after opening the Shanghai Galeries Lafayette store, and despite the upheaval caused by the health situation in recent months, we are delighted to be able to continue expanding the Galeries Lafayette brand in China by partnering with HLC Commercial Estates Group. This third store will allow us to offer the inhabitants of Guiyang our know-how in fashion and French lifestyle."
"We are delighted to partner with Galeries Lafayette, as it marks a new milestone in this key region and the launch of our project D.Place. In a context where numerous international premier retailers are looking into the Guiyang market, this strategic partnership positions D.Place and Galeries Lafayette at the forefront of a new era for the most promising upcoming city of the Southwest. HLC Commercial Estates Group has the mission to contribute to Guiyang’s urban fashion development and to promote Guiyang as an influential international city in Southwest China," said Thomas Thompson, the Vice President of HLC Commercial Estates Group.