French department store retailer Galeries Lafayette aims to open stores in China and Indonesia. The chain had already opened stores in Beijing, Singapore, Seoul and Tokyo in the 1990s but they were unprofitable and closed down.

Galaries Lafayette is taking a more careful approach to Asian expansion this time and has signed a partnership with I.T, a Hong Kong-based fashion group. In Indonesia, the chain has signed a brand licensing agreement with department store retailer
Mitra Adiperkasa.