The Galeries Lafayette group is approaching a new milestone as it increases its ownership of La Redoute
The Galeries Lafayette group will soon reach a new milestone in terms of its ownership of La Redoute, of which it has held a 51% stake since the end of 2017. Over the next months, the Group’s stake will rise to 100%.
Since the beginning of their collaboration, the two groups have combined their energies, with the support of all their teams, in order to pool their skills and capitalise on their key areas of expertise for the benefit of their customers, both in-store and online. During that time, La Redoute has continued to transform its business and has confirmed the relevance of its business model, achieving solid results and significant growth in the last two years.
With a new chapter in the company’s history about to start, Nathalie Balla and Eric Courteille, who have been La Redoute’s Co-CEOs since 2014, have expressed their desire to pursue new personal projects. Following their decision, La Redoute’s Supervisory Board, chaired by Philippe Houzé, has today appointed Philippe Berlan as the company’s new CEO.
Philippe Berlan is currently La Redoute’s Deputy Managing Director, having joined the company in 2012. He is a graduate of the École des Mines de Paris and has more than 25 years of experience in the retail industry, having previously held managerial positions at Casino, Petit Bateau and Lancel.