Wednesday, July 18, 2012

Galeries Lafayette on acquisition trail: CEO

French department store group Galeries Lafayette, which is exiting supermarket chain Monoprix, is looking to acquire ready-to-wear, jeweler and fashion accessory brands and expand abroad, notably in China, its chief executive said. Photo: Pixel FormulaThe group, whose flagship Paris store is popular with Asian tourists and whose peers range from Harrod's in London to Bloomingdale's in New York, had a "satisfactory" first half despite a gloomy economic climate, Philippe Houze told Reuters. Houze

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