12.04.2018 — News
The Galeries Lafayette group finalizes its acquisition of a majority stake in La Redoute
The Galeries Lafayette group, via its holding company Motier, announces that it has finalized its acquisition of a 51% majority stake in La Redoute following the approval of the relevant French and international regulatory authorities.
This transaction represents a major milestone for the Group, whose shared ambition with La Redoute is to create a new leading omni-channel retail player, specialised in fashion and home furnishings, with French roots and an international outreach. It creates the leading player in the French apparel market in terms of revenues.
The Galeries Lafayette group maintains its objective to own 100% of La Redoute in the future.