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Galeries Lafayette Group acquires La Redoute

The Galerias Lafayette Group - through its Motier holding company - now holds 51% of the control of La Redoute, with the aim of making the acquisition 100%.

From the merger of the two large companies, a new leader in the European Omnicanal Retail market will be born, in terms of fashion and decoration.

After having successfully committed to implementing an ambitious transformation plan in 2014, La Redoute is today one of the leaders in e-commerce in the fashion and home sectors. With a turnover of 750 million euros, with 9 million unique monthly visitors and benefiting from a notoriety recognized throughout Europe, La Redoute intends to provide a high quality experience to the customer and make available a wide range of articles of clothing and home.

This operation presents strong interests to each of the parties involved: it contributes to accelerating the digital transformation of the Galeries Lafayette Group and provides La Redoute with a consolidation of its future, providing the knowledge, skills and know-how necessary for a profitable and lasting development.

Nathalie Balla and Eric Courteille, co-chairs of La Redoute, will continue to run the company with the current team and will remain focused on the success of this new strategic project.

Commenting on this announcement, Phillippe Houzé, President of the Galeries Lafayette Group, declared: '(…) At a time when the fashion and commerce sectors are currently facing an unprecedented global change, complementary positioning and know-how La Redoute and Galeries Lafayette - the Group's flagship brand - will allow the rise of a leading group in physical and digital commerce, specialized in fashion and decoration, with French roots and international reach. '

Nicolas Houzé, General Director of Galeries Lafayette and BHV MARAIS, added: 'With La Redoute, today we write a new page of our century-old history as traders. We are happy to pass this structuring stage with Nathalie Balla and Eric Courteille, with whom we share vision and values. With its momentum and the work of all the teams involved, La Redoute started a spectacular recovery that we want to follow in the long term. We are convinced that together we will build a powerful project at the service of our customers. '

For Nathalie Balla and Eric Courteille, co-chairs of La Redoute, 'The association with a long-term investor, as prestigious as the Galerias Lafayette Group, gives us the means to continue, increase and accelerate our strategy. The prospects that open up with this approach will allow for new developments, in pursuit of the goal of reaching 1 billion euros in turnover in 2021. '

The completion of the transaction, which is expected to take place in the coming months, remains subject to consultation with the La Redoute Workers' Committee and the approval of the competent regulatory authorities.

Who is the Lafayette Group

The Galeries Lafayette Group is a family, private, commercial group, the heir of 120 years of history built on commerce and distribution. It has 14,000 employees and has a retail sales volume of around 3.8 billion euros.

La Redoute

In Portugal since 1988, La Redoute was founded in France in 1837 by Joseph Pollet. Coming from a rural family that settled in Roubaix, he opened the first wool spinning factory inventing new and innovative processes. In just a few years, the brand achieved success that allowed it to be recognized internationally. In Portugal, it has high levels of notoriety. From the traditional distance selling catalog, La Redoute has evolved into the e-commerce model. Currently, 90% of orders originate from this channel.

La Redoute Collections: Special padded jackets

Warm up your whole family with the padded jackets that LA REDOUTE COLLECTIONS has prepared for this season!

The French firm is committed to jackets of different lengths, thicknesses and finishes to give you warmth from the first cold days to the harshest of winter thanks to a wide range of anoracks, jackets and bombers with padded fabric as the common denominator.

The firm's designs are characterized by combining fashion and comfort in these garments, having a collection where you can choose a design depending on the moment or your style.

For the youngest members of the LA REDOUTE COLLECTIONS family, think about the practicality they need when living their day-to-day life, that they can have freedom of movement, so they think of light and functional jackets and vests in a color range that adapts to your needs.

The men's collection of the French firm bets on an elegant aesthetic with small concessions for other more sporty designs that will combine with both work and leisure outfits where comfort is paramount.

The collection for women includes different patterns created according to the latest cutting-edge trends: from the most classic such as short anoracks in solid colors, to other designs with prints in autumn tones, reversible designs, long jackets with maxi collars, padded kimonos and functional bombers. This season awaits the arrival of the cold with the illusion of warm and warm yours with the collection of quilted garments from LA REDOUTE COLLECTIONS.

La Redoute

For 180 years LA REDOUTE has been offering French-inspired clothing and accessories for the whole family and home. Since then, the firm has included successful collaborations with renowned fashion and decoration designers every season.

They have created exclusive collections from Jean-Paul Gaultier, Yves Saint Laurent, Christian Lacroix or Karl Lagarfeld being an active part of the history of LA REDOUTE.

La Redoute Collections offers you a trouser for every moment

Autumn-winter collection.

The pants are comfortable, versatile and a garment that should not be missing in your wardrobe, that is why LA REDOUTE COLLECTIONS has a wide range this season so that you can find the one that best suits your style.

Skinny pants, joggers, palazzo, carrot ... these are some of the patterns that the firm works so that this fall you can go to the last with designs that adapt to your tastes and needs.

LA REDOUTE COLLECTIONS, in addition to working on flattering patterns, delves into the fabrics, finishes, details and color range so that you always have the pants you need available at any given time.

Geometric or retro print designs in fabrics such as corduroy, super slim skinny jeans with an elastic point in basic colors such as black, navy or burgundy, wide pants ideal for your most special moments for which the firm works elegant fabrics with lots of fall or velvet.

If what you are looking for is comfort without a doubt, joggers will be your best ally, with pinstripes, vivid or checkered prints to combine with sneakers and result in a sport chic aesthetic.Choose the pattern with which you feel most identified and bet on the confidence that LA REDOUTE COLLECTIONS always gives to your purchases.