LA REDOUTE news and archive

Galeries Lafayette acquires 51 percent stake in La Redoute

The Galeries Lafayette group, via its holding company Motier has acquired a 51 percent majority stake in La Redoute following the approval of the relevant French and international regulatory authorities. The company said in a statement that the Galeries Lafayette group maintains its objective of owning 100 percent of La Redoute in the future....

Management

Galeries Lafayette sets its sights on taking over La Redoute

Galeries Lafayette is eyeing up La Redoute for a future take over. The retail company is set to acquire a 51 percent stake in the French brand, and plans to expand its share in La Redoute to 100 percent in the future in order to strengthen its e-commerce division. “The combination of the two businesses with their iconic brands would allow to...

Fashion

Cédric Charlier X Fruit of the Loom

Belgian designer Cédric Charlier has collaborated with the prominent American brand Fruit of the Loom creating a capsule collection of four unisex t-shirts. Charlier debuted the collection during his Spring presentation at Paris Men’s Fashion Week on 21st June. The collaborative collection was designed to complement Charlier’s SS18 Menswear &...

Management

La Redoute confident in returning to balance by 2017

La Redoute has confirmed its plans to return to balance in 2017, thanks to its current strategy of repositioning its offer around its own brands and ready-to-wear collections. Although the group was still "slightly down" in 2014, "we confirm our objectives of a return to balance in 2017," said Eric Courteille, one of two leaders of the former...

Apparel

Kering stands to sell La Redoute and Relais Colis in MBO

Kering's board members met on Wednesday to discuss the four offers the group has received for the purchase of mail order catalog Le Redoute and delivery network Realais Colis. They decided to go ahead and enter exclusive negotiations for a management buy out with Nathalie Balla, who is the current chairman and CEO of Le Redoute, and Eric...