Galeries Lafayette / Department store

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The Galeries Lafayette is a large steeped in tradition French department store chain. The principal firm in Paris, one of the oldest department stores of France, is remarkable because of its art nouveau architecture.

History

1893 open the buyer Bader together with its cousin Alphonse punt a laundry mode business with a shop loading of 70 m in 9. Arrondissement in the 1 rue Lafayette, in best large city situation only few minutes removes Paris opera from that. 1894 firmiert the society under the name Aux Galeries Lafayette. Within a short time the small business grows to a department store with 265 m on five floors. 1896 acquire the society the entire building 1 rue Lafayette. In the following five years further mode business is added into Paris and Lyon. The society extends its business activity beyond the pure retail trade also to mode production. 1899 are created the corporation anonymous one of the Galeries Lafayette. Until 1906 the principal firm of far out up to the addresses 38 - 41 boulevard house man stretches. 1907 have the department store more than 750 employees. Until 1912 the principal firm in its today well-known form develops, with which from a colored glass dome art nouveau-gallery-resounds to crowned. The house has now a sales area of 18,000 m

At the beginning of the First World War the enterprise through-suffers an economic fall of prices, can however in the years after its further expansion continue. 1916 are already opened a branch in Nice, to 1920 a further branch in London. The business at the locations Paris and Lyon is continuously extended. 1931 open a branch in Bucharest.

In order to meet the economic crisis dominant starting from 1929 off, the enterprise sketches a new department store concept: Houses with simpler equipment and usual, popular commodity at uniform prices. 1932 are opened the first Monoprix business in Rouen. To 1938 42 Monoprix addresses develop in France.

In consequence of the antisemenitischen legislation under the German crew 1940 the entire management, consisting of Bader, is forced max Heilbronn and Raoul Meyer, to the resignation. The enterprise is arisiert. 1942 die Bader. Max Heilbronn is taken starting from 1943 in Gestapo detention. , max Heilbronn and Raoul Meyer take over 1945, after the Second World War again the management.

The first postwar years are characterized by bottlenecks and a reduced assortment. Only starting from 1950 the enterprise can offer again the full Warensortiment as for Vorkriegszeiten. The enterprise can expand further. Into the 1970er years is represented the chain in practically each larger French city with a department store.

1996 opens the Galeries Lafayette as one of the first enterprises after the reunification of Germany in the former East part of Berlin a department store. To the Friedrichstrasse, corner French, on a sales area of the need elevated by 8.000 m on 5 floors goods are offered to road. The department store is the only address of the Galeries Lafayette outside of France and is in the northern block of the Friedrichstadtpassagen, which was sketched by the French architect Jean Nouvel.

Economic meaning

In the year 2005 the group of firms Groupe Galeries Lafayette employs approximately 35,000 coworkers. Beside the chains of department stores Galeries Lafayette and Monoprix belongs the chain of department stores Bazar de de Ville (BHV) as well as different financial and insurance companies as well as travel enterprises to the group. The moreover the enterprise possesses expanded real estates in best situation in Paris.

The group gained 2004 a conversion of 5.64 billion euro and a profit before taxes of 133.9 million euro.