Galeries Lafayette will close at the end of July. 190 employees are affected.
Galeries Lafayette announced in October last year that it would close its only branch in Germany on Berlin's Friedrichstrasse at theend of 2024. The rental agreement with the property owner Tishman Speyer will not be renewed, it was said. It has been known for a long time that the rental agreement expires at end of this year. According to its own statements, Galerie Lafayette had tried to negotiate an extension of the contract.