PARIS – Galeries Lafayette Group has named Sandra Weber as director of technique and improvement, charged with figuring out progress vectors and alternatives for improvement at a difficult time for French malls.
Weber succeeds Olivier Bron, who left to turn out to be chief government officer of Central Group’s Central and Robinson malls in Thailand. She experiences to government chairman Philippe Houzé.
A graduate of French enterprise college HEC, Weber is an professional in company finance and strategic administration, and in addition holds a certification in government teaching.
The chief started her profession in 2000 at Goldman Sachs, the place she spent eight years within the mergers and acquisitions group between the London and Paris places of work, particularly overseeing transactions within the shopper items sector.
From 2008 to 2019, she labored at Rallye group, proprietor of grocery store chain On line casino and sporting items retailer Go Sport, holding positions together with director of the monetary division and common counsel accountable for defining group technique and key priorities.
The appointment comes at a important time for French retail, which has struggled with sluggish demand, social upheaval and a pointy drop in international tourism on account of the coronavirus pandemic. Gross sales of clothes and textiles in France fell 15 p.c in 2020, with malls recording a 32.3 p.c drop as gross sales moved on-line, in line with the Institut Français de la Mode.
Galeries Lafayette introduced final month it was selling an additional 11 stores in France to franchise partners as a part of a technique aimed toward refocusing investments and efforts on the primary flagships, omnichannel technique and enlargement outdoors France.
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