Department store business Galeries Lafayette plans a E85m (£71.8m) investment at its flagship store on Boulevard Haussmann in Paris.

The retailer intends to expand the space dedicated to luxury goods, leather products, jewellery and footwear. As part of the renovation, Louis Vuitton, Cartier and Chanel outlets will be located on two floors.

The retail space reserved for cosmetic products and toys will be reduced while the area for women’s clothing will be cut to three floors instead of five.