The retailer, which operates internationally and runs 17 company-owned stores alongside 38 franchised locations in France, reported revenues of EUR 3.1 billion in 2025. While stable year-on-year, this marks an 11% increase compared to 2022, according to management.
Beauty strengthens its strategic role
Nearly two-thirds of the group’s business is generated by the Galeries Lafayette Haussmann flagship store. With EUR 2 billion in sales (+4% year-on-year), the historic location has now exceeded its pre-pandemic 2019 performance, CEO Arthur Lemoine noted during a press briefing.
According to the group, this strong performance reflects the EUR 100 million transformation of the Coupole building in recent years, as well as the growing weight of categories such as beauty and footwear.
The retailer intends to further accelerate this momentum with the inauguration, after 18 months of renovations, of a new beauty space, "the largest in France." At Galeries Lafayette Paris Haussmann, the area dedicated to perfumes, skincare, and makeup now spans three floors: a total of 4,000 square meters showcasing some 450 brands.
The ground floor, the historic core of the beauty offer, brings together leading brands in the category, with dedicated spaces for Louis Vuitton, Bottega Veneta, Dior, Chanel and Yves Saint Laurent. On the first floor, the retailer expands its premium positioning with a focus on haute parfumerie and exclusive collections from major houses, alongside brands such as Guerlain, Maison Francis Kurkdjian and L’Officine Universelle Buly. Level -1 concentrates on skin and hair care offer, with nearly 3,000 sqm dedicated to innovation, expert brands, as well as K-beauty. The space also features a huge para-pharmacy, managed in partnership with the Carré Opéra group.
This strategic emphasis on beauty is not confined to Paris. Indeed, the Galeries Lafayette Group plans to roll out its “ultra-desirable” beauty concept across its domestic and international network, combining brand-led retail formats with skincare innovation and selective perfumery.
Investment plan
Deprived of a portion of its Asian clientele during the health crisis, the department store also refocused on French shoppers, who accounted for 40% of its sales in 2025, compared to 33% in 2019. Over the same period, the share of Chinese customers fell from 33% to 22%, while that of other nationalities rose by 5 points to 38%.
With 35 million visitors in 2025, making it “the most visited place in Europe,” the flagship ranks among the world’s top department stores alongside Harrods and Isetan Shinjuku. The retailer aims to take first place “in terms of revenue, experience, differentiation and service,” said Alexandre Liot, Deputy Managing Director of Galeries Lafayette Group.
The management team did not disclose the breakdown of the EUR 260 million investment plan, stating only that EUR 25 million will be allocated to the renovation of the men’s building on Boulevard Haussmann in 2026 and 2027, while EUR 6 million will be invested this year in the modernization of the Nice store.
"We believe in the department store’s ability to reinvent itself" with the necessary investments, Mr. Lemoine emphasized, the day after competitor Printemps announced plans to cut jobs and close its Rennes store.
Mixed results abroad
Outside France, the group plans to expand further in India, with the CEO highlighting “rather satisfactory performance” at its first store, opened in Mumbai last year.
Also present in Dubai and Doha, the group said it is nonetheless taking a “step back” from its Middle East projects, citing the current geopolitical context.
A downsizing of its operations is also being considered in China, where the market is "much more complex," according to Mr. Liot.
