Expensive rental fee
The rental agreement will be signed by the end of 2014 and it will become the “reference flagship store” for the Galeries Lafayette, in a 9,000 sqm store.
Volkswagen and Primark were also possible additions to the Champs-Elysées, with a possible rental fee of 17 million euro per year. Galeries Lafayette currently runs 250 stores which attract 1 million visitors per day.