Galeries Lafayette is in talks with potential partners in China and the Middle East to open five new department stores by 2020 as its home market suffers after a wave of Islamist attacks. The attacks had deterred tourists from coming to France and sales fell nearly 6% in the first-half to 1.6 billion euros ($1.80 billion).
Sales at the Beijing store were up 15% in the first half while the Dubai store was on track to reach sales of 100 million euros ($112m) in 2016. The Galeries Lafayette group also has stores in Berlin, Jakarta, Dubai and Beijing, and plans to open in Doha and in Istanbul in 2018.
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