What: Falabella has introduced a new collection in its Mercadito Español section, featuring four Spanish fashion brands: Byan, María de la Orden, Iq Collection, and Cherubina.

Why it is important: This launch strengthens Falabella's position in the Chilean fashion market by offering exclusive Spanish styles, enhancing its appeal to customers seeking international trends.

Falabella, one of Chile's leading retail chains, has expanded its Mercadito Español section by introducing four new Spanish fashion brands: Byan, María de la Orden, Iq Collection, and Cherubina. These brands bring unique garments characterised by vibrant prints, diverse fabrics, and warm colours. The initiative is part of Falabella's strategy to offer the latest international trends to its customers. Pelusa Johnson, Women's Line Manager at Falabella Retail, highlighted that the Mercadito Español aims to showcase Iberian fashion's diversity and sophistication. The collection was launched with the support of influencers Irene Isaías from Portugal and Milagros Mir from Chile, who helped promote the new offerings. The collection is available at Falabella's Parque Arauco and Alto Las Condes stores in Santiago, as well as online through Falabella's e-commerce platform.

New Mercadito Español collection arrives at Falabella, Press Release

Falabella Retail expands its fashion offering with Mercadito Español

What: Chalhoub Group has partnered with Emirates NBD to secure an ESG-linked working capital facility, supporting the retailer's sustainability strategy and net-zero goals.

Why it is important: This partnership highlights Chalhoub Group's commitment to sustainability and aligns with Saudi Arabia's Vision 2030, promoting responsible business practices and environmental stewardship in the retail sector.

Chalhoub Group has secured its first ESG-linked working capital facility in Saudi Arabia through a partnership with Emirates NBD, marking a significant milestone in the retailer's sustainability journey. The agreement will support Chalhoub Group's efforts to implement its net-zero strategy and advance its environmental, social, and governance (ESG) objectives. The signing ceremony brought together leaders from both organisations, emphasising their shared commitment to sustainable growth. This initiative aligns with Saudi Arabia's Vision 2030, which aims to foster a low-carbon economy. Emirates NBD has expressed pride in supporting Chalhoub Group's ambitions, noting that this facility exemplifies the bank's leadership in providing innovative ESG-linked solutions. Chalhoub Group plans to expand this sustainable finance initiative to other regions, including Egypt and India, further solidifying its role as a leader in responsible business practices across international markets.

Chalhoub Group secures ESG-linked working capital facility from Emirates NBD

What: The iconic facade of the Galeries Lafayette Haussmann flagship store in Paris has undergone a significant renovation, restoring its original grandeur after more than two years of work.

Why it is important: This renovation is crucial for preserving the historical and architectural significance of the building, which is a landmark in Paris. It also ensures the continued appeal and functionality of the store, which attracts 30 million visitors annually.

The Galeries Lafayette Haussmann flagship store, located in the 9th arrondissement of Paris, has completed a major renovation of its facade. The facade, designed by architect Ferdinand Chanut in 1911-1912, is a notable example of Art Nouveau architecture and features metal structures with stone facings and large bay windows. The renovation project involved several key aspects:

Stone restoration: The restoration of 69 tonnes of stone to maintain the facade's original integrity.

Decorative elements: The cleaning and renovation of Art Nouveau decorative elements.

Colour restoration: The restoration of the original colours, including the gilding of the ironwork.

Structural reinforcement: The reinforcement of the metal structures, which were in poor condition.

To minimise disruption, the renovation work was primarily conducted at night, allowing the store to continue its operations and welcome its 30 million annual visitors. The facade had previously received the City of Paris facade prize in 1913, highlighting its historical and architectural importance.

Galeries Lafayette flagship undergoes major facade renovation

What: Magasin expects double-digit growth in Black Friday sales, with customer traffic up 10% in the pre-event week, boosted by the event's coincidence with payday.

Why it is important: The strong results demonstrate how traditional department stores can successfully navigate the holiday shopping season by balancing physical store service with online offerings while capitalizing on favorable calendar timing.

Magasin anticipates record-breaking Black Friday performance, with early indicators showing substantial growth compared to last year. The department store has already witnessed a 10% increase in store traffic during the pre-Black Friday week, creating optimism for a strong November finish. The timing of Black Friday coinciding with payday is expected to further boost sales performance. To manage the increased customer flow, Magasin has enhanced its staffing levels by 30% across its eight physical locations. The company reports strong performance across multiple categories, particularly in beauty and home departments, indicating a robust start to the Christmas trading period. Both physical stores and online channels are showing positive momentum, with the retailer expecting double-digit growth compared to last year's Black Friday figures.

IADS Notes: While department stores globally face mixed holiday results, Magasin's performance aligns with successful retail strategies that emphasize customer service and omnichannel capabilities. This approach proves particularly effective as retailers navigate cautious consumer spending patterns, demonstrating how traditional department stores can thrive by adapting to evolving market conditions while maintaining service excellence.

Magasin du Nord expects a record-breaking Black Friday

What: Khun Supaluck Umpujh, Chairwoman of The Mall Group, has been honoured with the Woman Entrepreneur of the Year award at the Asia Corporate Excellence & Sustainability Awards (ACES) 2024.

Why it is important: This award recognises Supalak's visionary leadership in transforming Thailand's retail landscape through innovative projects like Siam Paragon and Em District, which have elevated Bangkok as a top shopping destination in Asia.

Khun Supaluck Umpujh, Chairwoman of Thailand's The Mall Group, has been awarded the prestigious Woman Entrepreneur of the Year title at the Asia Corporate Excellence & Sustainability Awards (ACES) 2024. The award highlights her significant contributions to Thailand's retail sector, including the development of iconic projects such as Siam Paragon, Em District (Emporium, EmQuartier, Emsphere), and the upcoming Bangkok Mall. These initiatives have not only boosted the Thai economy but also positioned Bangkok as a leading shopping hub in Asia. Under her leadership, The Mall Group has pioneered innovative retail concepts such as Gourmet Market and The Mall Lifestore, enhancing consumer lifestyles and generating employment. The ACES award further cements Supaluck's reputation as a visionary leader committed to excellence and sustainability in retail.

The Mall Group's leader won the prestigious Woman Entrepreneur of the Year award at ACES 2024

What: Falabella Retail has added a new space for "Active Woman".

Why it is important: It highlights Falabella's response to the growing demand for women's sportswear and athleisure, a fast-growing market driven by evolving lifestyles. It showcases how the brand is supporting both global trends and local talent by offering diverse, high-quality products in their new Active Woman space.

Falabella recently launched Active Woman, an exclusive space for women at Mall Parque Arauco, aimed at those blending an active lifestyle with modern fashion. This new concept reflects the growing demand for women's sportswear, which has seen a 30% increase in recent months, making it one of Falabella's fastest-growing categories. Global trends, including the rise of athleisure—a fusion of fashion and functionality—are driving this demand. Falabella's Sports Product Manager, Alfonso Navarro, emphasised the brand's commitment to offering products that align with women's evolving lifestyles, providing both style and practicality through a wide assortment of local and international brands.

The Active Woman space features popular brands like Adidas, Nike, and Under Armour, as well as local Chilean brands such as Thea, Mali, and Joyfitters, which support Falabella's initiative to promote local talent. Among the highlights is the new Diadora collection, showcasing the brand's revamped approach with improved quality and diverse offerings for activities like yoga, running, and paddle tennis. The space spans over 1,100 m² across multiple locations in Chile and online at Falabella.com, reinforcing Falabella's dedication to addressing the growing demand for athleisure and sportswear that blends comfort and fashion.

Check out the photos of the new "Active Woman" space

Falabella Active Woman, Press Release

What: Bloomingdale's launches its annual Pink Campaign alongside the new Aqua x Kerri Rosenthal collection.

Why it is important: This launch not only supports breast cancer awareness and research but also introduces a unique fashion collaboration, enhancing Bloomingdale's product offerings and consumer engagement.

Bloomingdale's has initiated its annual Pink Campaign, which aligns with the Aqua x Kerri Rosenthal collection launch. This campaign is part of Bloomingdale's ongoing commitment to breast cancer awareness and research, with proceeds supporting the Breast Cancer Research Foundation. The collaboration with Kerri Rosenthal brings a fresh fashion line that features unique designs and styles, aiming to attract a diverse customer base. This initiative showcases Bloomingdale's dedication to social causes while simultaneously expanding its fashion portfolio, offering customers exclusive products that support a meaningful cause.

Bloomingdale's annual Pink Campaign and new collection launch

What: Falabella Retail has expanded its free personal shopper service to its store in the Costanera Center shopping centre in Santiago, Chile.

Why it is important: This expansion enhances the shopping experience for Falabella's customers, providing them with personalised fashion advice and boosting customer satisfaction and loyalty. The significant increase in service usage also indicates a successful strategy for the retailer.

Falabella Retail has introduced an exclusive free personal shopper service at its store in the Costanera Center shopping centre in Santiago, Chile. This service, which has been available since October 10, offers 90-minute consultation sessions that include colour analysis, advice on choosing clothes to flatter the customer's figure, and recommendations on the latest fashion trends. The service can be booked through the Falabella mobile app or website and is open to the general public.

The personal shopper service has grown substantially, with 6,100 customers using it in the latest fiscal year, representing a 39% increase from 2022. The majority of these customers, 85%, are women who were primarily attracted through email marketing campaigns, digital press releases, recommendations, and social networks.

Isabel Ibieta, Falabella's experience manager, highlighted the positive impact of the service, noting high customer satisfaction ratings between 9.5 and 10. The conversion rate of customers who make purchases after the consultation exceeds 97%, indicating that the service not only provides new ideas but also helps customers find a look that reflects their personal style. This expansion makes the Costanera Center store the fifth Falabella location to offer this service, joining other stores in Alto Las Condes, Parque Arauco, Antofagasta, and El Trébol in Concepción.

Falabella enhances personal shopper service in Chile

What: El Corte Inglés acquires full ownership of KIO Networks España, marking its entry into the data center management business.

Why it is important: By entering the data center business, El Corte Inglés positions itself to capitalize on the growing demand for digital infrastructure, while potentially creating synergies with its existing retail and e-commerce operations.

El Corte Inglés has completed the acquisition of KIO Networks España, purchasing the remaining 50% stake from the Mexican KIO Networks. This move marks the company's entry into the business of managing and administering data centers for third parties. The transaction, which closed recently, is part of El Corte Inglés' strategy to diversify its revenue sources.

KIO Networks España currently operates a data center in Murcia and is developing a second center in Paterna (Valencia), set to open in 2025. The new facility is expected to triple the service capacity of El Corte Inglés' new subsidiary.

This acquisition aligns with El Corte Inglés' broader strategic vision for growth and diversification. The company is preparing for a new growth phase, focusing on traditional retail with increased digitalization as part of its strategic plan through 2030. Additionally, El Corte Inglés has been exploring opportunities in new sectors, such as potentially purchasing a DTT TV channel to expand its media presence.

The move into data center operations represents a significant step in El Corte Inglés' efforts to adapt to changing market dynamics and leverage new technologies to support its business growth.

IADS Notes: El Corte Inglés is actively pursuing a strategy of diversification and growth, as evidenced by several recent developments. The company is preparing for a new growth phase, focusing on traditional retail with increased digitalization as part of its strategic plan through 2030. This plan includes exploring opportunities in new sectors, such as the potential purchase of a DTT TV channel to expand its media presence and boost its teletienda(teleshopping) business. These initiatives are part of a broader strategic vision, outlined in the company's new strategic plan for 2025-2030, which aims to build on recent financial successes and ensure sustained growth. The plan, developed following a successful financial year, is expected to drive further growth and solidify the company's market position, reflecting El Corte Inglés' commitment to adapting to changing market dynamics and consumer behaviours.

El Corte Inglés acquires KIO Networks data centers

What: Marc Norbert Hörler has been named the winner of the Manor Art Prize for the Canton of St. Gallen in 2025.

Why it is important: The Manor Art Prize is a significant platform for emerging Swiss artists, providing them with opportunities to exhibit their work and potentially launch international careers.

The Manor Art Prize, a prestigious award in Switzerland, has named Marc Norbert Hörler as the 2025 winner for the Canton of St. Gallen. This accolade is part of a long-standing tradition of recognising promising artists across 12 Swiss cantons every two years. Hörler, born in 1989, is an artist known for his interdisciplinary work that combines performance, singing, and language into expansive installations. His artistic practice involves poetry, scents, and fabrics, underpinned by extensive linguistic research and poetic writing. Hörler holds a Master in Art Practice from the Dutch Art Institute and a Bachelor in Fine Arts from the Academy of Art and Design FHNW in Basel. He has also received studio residencies at the Textile and Design Alliance in Arbon and the Rupert Art Center in Vilnius. The Manor Art Prize aims to support young Swiss artists, offering them a platform for exposure and growth within the art community. Established in 1982 by Philippe Nordmann, it has been instrumental in launching several artists' international careers.

Marc Norbert Hörler wins Manor Art Prize 2025 for St. Gallen

What: El Corte Inglés has partnered with McKinsey & Company to develop a new strategic plan following several years of financial adjustments.

Why it is important: This collaboration aims to revitalise El Corte Inglés' business operations and enhance its competitive edge in the retail market, signalling a significant step towards sustainable growth and improved financial performance.

El Corte Inglés, a major Spanish department store chain, has enlisted the expertise of McKinsey & Company to craft a new strategic plan. This partnership comes after a period of financial adjustments for the retailer, reflecting its commitment to revitalising its business operations. The strategic plan will focus on optimising efficiency, enhancing customer experience, and leveraging digital transformation to boost competitiveness. By collaborating with McKinsey, El Corte Inglés seeks to identify growth opportunities and implement innovative solutions that align with current market dynamics. This initiative underscores the company's dedication to achieving long-term sustainability and maintaining its leadership position in the retail sector.

El Corte Inglés partners with McKinsey for new strategic plan

What: El Corte Inglés is challenging creatives to submit innovative ideas for retail at the Web Summit, with applications open until October 20.

Why it is important: This initiative reflects El Corte Inglés's commitment to innovation and adapting to new trends in retail, particularly in the areas of new technologies, differentiated customer experiences, and more efficient processes. It also highlights the company's efforts to enhance its omnichannel shopping experience.

El Corte Inglés, a prominent Spanish department store chain, has partnered with the Web Summit for the first time to encourage innovators to present groundbreaking ideas for the retail sector. The challenge, open until October 20, invites participants to submit ideas focused on purchases using new technologies, creating differentiated customer experiences, and improving operational efficiency. The six best ideas will be showcased at El Corte Inglés's stand during the Web Summit, which takes place from November 11 to 14 in Lisbon. The winning idea will receive a prize of EUR 15,000.

El Corte Inglés, with a significant presence in Lisbon and Porto, has been accelerating its digitalisation process in recent years. This Retail Challenge is part of the company's strategy to innovate and adapt to new trends, aiming to provide customers with the best possible omnichannel shopping experience. The initiative underscores El Corte Inglés's commitment to excellence and desire to incorporate new methods and technologies to enhance customer satisfaction.

El Corte Inglés seeks innovative retail ideas at Web Summit

What: Kiko Milano, the Italian cosmetics brand, is expanding its presence in France by opening outlets in Galeries Lafayette department stores, marking its first venture outside its own boutiques in the country.

Why it is important: This move signifies a strategic shift for Kiko Milano to broaden its customer base and enhance brand visibility by leveraging the established platform of Galeries Lafayette, a prestigious French department store chain.

Kiko Milano, known for its affordable and innovative cosmetics, is making a significant shift in its French market strategy by partnering with Galeries Lafayette. This development marks the brand's first entry into department stores in France, starting with an outlet in Grenoble and plans for further openings in Annecy, Metz, Dijon, and Nantes. The initiative aims to expand Kiko Milano's audience while staying true to its core values of offering high-quality products at accessible prices. This strategic expansion coincides with new management under Hugues Laurençon and follows a recent investment by L Catterton, which valued the brand at approximately 1.4 billion euros. With a turnover of 800 million euros in 2023 and a growth rate of 20%, Kiko Milano aims to achieve 1.25 billion euros in net sales by 2027 with a target of 2,000 points of sale globally. For Galeries Lafayette, hosting Kiko Milano enhances its beauty product offerings and attracts a broader clientele interested in affordable luxury cosmetics.

Galeries Lafayette welcomes Kiko Milano's expansion

What: Bloomie's, a smaller specialty format of Bloomingdale's, is set to open its fourth location in Shrewsbury, New Jersey, on November 14.

Why it is important: This expansion reflects Macy's strategy to enhance its physical retail presence and cater to local markets by offering a more accessible shopping experience. The new Bloomie's aims to strengthen brand engagement in areas with existing customer bases and high demand for contemporary women's fashion.

Bloomie's, the compact specialty store format of Bloomingdale's, will open its fourth location in Shrewsbury, N.J., on November 14. Situated in The Grove shopping center, this 20,000-square-foot store will exclusively offer women's contemporary fashion, accessories, beauty products, and fine jewelry. It will feature brands such as Mother, Veronica Beard, and Chanel Beauty. The Shrewsbury Bloomie's will also include a grab-and-go version of Forty Carrots, known for its frozen yogurt. This opening is part of Macy's Inc.'s "Bold New Chapter" strategy, which involves expanding small-format stores like Bloomie's while closing underperforming locations. The strategy aims to increase market coverage and provide convenient shopping alternatives for customers who previously relied on online shopping ortravelledd long distances to full-line stores. The new store will host events like a "winter village" and a holiday bash to attract visitors. Macy's plans to operate 15 Bloomie's locations by 2026 as part of its broader retail innovation efforts.

Bloomie's expands with new location in Shrewsbury, N.J.

What: Danish retailer Magasin continues its strategic expansion with the local 'Small Store' concept, this time in Odense's Rosengårdcentret

Why it is important: This 'Small Store' concept underscores the shifting retail landscape, where success increasingly depends on providing personalised, convenient shopping experiences that cater to local markets while maintaining a strong omnichannel presence.

Magasin du Nord is set to open a new 'Small Store' in Rosengårdcentret, Odense, Denmark's largest shopping centre, by Black Friday. This strategic move marks Magasin's second such store, emphasising their commitment to bringing the brand closer to customers through localised, smaller-format outlets.

The new 700-square-meter store will offer a carefully curated selection of fashion, beauty, and home accessories, while also providing access to Magasin's full online inventory directly in-store. This approach aligns with the global trend of department stores adapting to changing consumer behaviours by blending physical and digital experiences.

Frederik G.G.G. Nielsen, Retail Director at Magasin, highlights that this expansion is part of a broader strategy combining smaller stores, traditional department stores, and a robust e-commerce platform to shape the future of retail. The location in Rosengårdcentret, a hub for shopping in Odense and Funen, is seen as ideal due to its central location and large customer base.

Magasin expects this new format to create synergies with their existing Odense city center store, supporting each other in sales, experiences, and staffing. The company plans tdo unveil more locations for similar local stores in the near future, reinforcing their commitment to personalised, local shopping experiences.

IADS Notes: Recent trends in department store strategies show a shift towards smaller, more focused store formats that blend physical and digital experiences. The focus on curated product selections and integration with online platforms reflects the industry's response to changing consumer behaviours and the need for more personalised, convenient shopping experiences. This approach allows department stores to maintain relevance in key locations while optimising their physical footprint and enhancing omnichannel capabilities. At the same time, department stores are facing challenges and implementing various strategies to navigate a difficult market environment, including closing stores and expanding off-price businesses, highlighting the need for continuous adaptation in the evolving retail landscape.

Magasin du Nord launches a second "small store" unit in Odense

What: The British accessories brand has staged another pop-up at the luxury department store's Haussmann address following the success of the Champs-Élysées pop-up earlier this year.

Why it is important: With its presence in 18 Galeries Lafayette stores, France has become Kurt Geiger's fastest-growing market in Europe.

The pop-up captures Kurt Geiger's unique design aesthetic that is fun, colourful and instantly recognisable. It displays the brand's campaign with Emily Ratajowski across the storefront and flags that replicate their diamond stained glass window print. Kurt Geiger cites its 'affordable luxury' handbag collection, their largest product category in all markets, for its success. Selective about its distribution and stores, Kurt Geiger's continued collaboration with Galeries Lafayette showcases their significance for the independent brand.

Kurt Geiger opens pop-up at Galeries Lafayette Haussmann

What: The Golden Goose ready-to-wear boutique has opened in Beijing SKP, offering a luxurious shopping experience infused with traditional Italian craftsmanship.

Why it is important: This new boutique enhances the luxury retail landscape in Beijing, providing a unique and personalised shopping experience that showcases Golden Goose's commitment to craftsmanship and customer customisation.

The Golden Goose ready-to-wear boutique in Beijing SKP is designed to evoke the brand's Venetian origins, featuring exposed concrete walls and floors, and decorated with souvenirs collected from around the world. The store has an industrial style aesthetic, complemented by recycled vintage wooden furniture and elegant mirrored display cabinets. A central "Co-Creation" zone allows customers to work with brand craftsmen to personalise their items using various materials like Swarovski crystals, leather, and suede, and techniques such as distressing, embroidery, and hand-painting. The boutique showcases the latest men's and women's ready-to-wear, footwear, and handbag series, including the Venezia handbag, which can also be customised through the "Co-Creation Experience" service. This personalised approach enables customers to incorporate their own design elements and stories into the products.

Beijing SKP welcomes Golden Goose boutique

What: Bloomingdale's is launching a "Wicked Good Holiday" campaign in collaboration with Universal Pictures' movie "Wicked," featuring exclusive products, immersive experiences, and festive events.

Why it is important: This partnership not only enhances Bloomingdale's holiday offerings but also leverages the popularity of "Wicked" to attract customers, drive store traffic, and provide unique shopping experiences, thereby boosting its market presence during the competitive holiday season.

Bloomingdale's is set to captivate shoppers with its "Wicked Good Holiday" campaign, a collaboration with Universal Pictures' film "Wicked." The campaign kicks off online on November 5 and in stores on November 7, featuring an exclusive Aqua collection inspired by the film's characters, Glinda and Elphaba. This collection includes over 70 items spanning women's and kids' apparel and accessories. The campaign will transform the 59th Street flagship into a magical world reminiscent of Oz, complete with immersive pop-up shops and a reimagined Santaland. The holiday festivities will be highlighted by a window unveiling event on November 13, hosted by Cynthia Erivo and featuring performances by Broadway stars. Bloomingdale's aims to enhance customer experience through interactive displays, exclusive gifts, and themed merchandise. The initiative also supports the Child Mind Institute through the sale of Oz-inspired bears. This strategic partnership underscores Bloomingdale's commitment to providing unique holiday experiences and elevating customer engagement.

Bloomingdale's enchants the holiday season with 'Wicked' collaboration

What: Ms. Supaluck Ampuch, Executive Chairman of The Mall Group, was named one of the 100 Most Influential Women in Asia by Fortune in 2024.

Why it is important: This recognition underscores Ms. Ampuch's significant impact on the retail industry and her role as an inspirational leader, promoting gender equality and empowering women in business.

Ms. Supaluck Ampuch, the Executive Chairman of The Mall Group, has been honored as one of the 100 Most Influential Women in Asia for 2024 by Fortune magazine. This accolade highlights her leadership and the substantial growth and development of The Mall Group over the past four decades, establishing it as a leading retail entity in Thailand. Her influence extends beyond business as she has also been recognized with the Her Awards, UNFPA Thailand 2024: Female Population Inspiration, celebrating her contributions to gender equality and women's empowerment. This award ceremony was held at the ESCAP Hall meeting room at the United Nations in Bangkok. Ms. Ampuch's achievements reflect her dedication to inspiring future generations of female leaders and her pivotal role in advancing the global retail industry.

Supaluck Ampuch recognised among Asia's most influential women

What: El Corte Inglés has announced a new structure at the top and the departure of Jose Maria Folache.

Why it is important: This development underscores the ongoing evolution of El Corte Inglés's management structure, as the company balances retail expertise with new strategic initiatives.

El Corte Inglés has dismissed José María Folache, its Retail Director and one of two general directors, due to strategic disagreements with newly appointed CEO Gastón Bottazzini. The decision, communicated directly by Bottazzini, comes as the company prepares to present a new strategic plan by year-end. Folache, who joined in 2022 following the departure of former CEO Víctor del Pozo, brought extensive retail experience from leadership roles at Carrefour España, Tous, Parfois, and Suárez. This marks his second departure from El Corte Inglés, having previously left in 2012 after serving as deputy purchasing director. The company's retail division, which Folache overseen, generated EUR 12.845 billion in revenue last year, representing a 3.8% increase from the previous period. Bottazzini, who reports to the executive committee chaired by Marta Álvarez, plans to restructure the organisation with multiple general directorships reporting directly to him.

IADS Notes: As reported in October 2024, El Corte Inglés partnered with McKinsey to develop a new strategic plan, signaling a significant shift in its approach to retail transformation. This followed the appointment of Gastón Bottazzini as CEO in July 2024, bringing valuable experience from Falabella and McKinsey. The company's strong performance, with a 5.4% increase in total transaction value and record-breaking recurring net income in June 2024, suggests that this leadership change aligns with its broader strategy to maintain growth momentum. The dismissal of Folache reflects the company's commitment to its new strategic direction, as it prepares for the next phase of growth through 2030, emphasising traditional retail with increased digitalisation.

El Corte Inglés reorganises its top management structure

What: Nicolas Houzé, the new president of Galeries Lafayette, is leading the company into a new era with a focus on store renovations, international expansion, and digital innovation.

Why it is important: This transition marks a significant shift in leadership and strategy for Galeries Lafayette, aiming to strengthen its market position through modernisation and global growth, while maintaining its legacy as a leading department store.

Galeries Lafayette is embarking on a new chapter under the leadership of Nicolas Houzé, who has taken over as president of the company. This change comes as the iconic department store celebrates its 130th anniversary and aims to adapt to modern retail challenges. The company plans to invest EUR 400 million over the next five years to modernise its flagship stores, including significant renovations at its historic Haussmann location in Paris. The store has already undergone extensive updates, such as moving shoe departments to higher floors and enhancing its wellness offerings.

In addition to domestic improvements, Galeries Lafayette is pursuing international expansion with plans to open new stores in India and explore opportunities in the Middle East and China. The company is also investing in digital transformation, focusing on enhancing customer relationships through technology and artificial intelligence.

Despite challenges during the COVID-19 pandemic, Galeries Lafayette has returned to profitability, with sales increasing by 8% last year. The company aims for a 4% growth this year, striving to reach pre-pandemic sales levels. The leadership transition is part of a broader strategy to ensure long-term success by balancing tradition with innovation and meeting evolving consumer demands.

Galeries Lafayette's new chapter under Nicolas Houzé

What: El Corte Inglés is financing a customised therapy project for breast cancer, joining four other research initiatives it has supported over the past decade.

Why it is important: This commitment underscores El Corte Inglés's dedication to advancing breast cancer research and developing innovative treatments, particularly for patients with limited options. By funding these projects, the company contributes significantly to the fight against cancer and supports cutting-edge medical research.

El Corte Inglés continues its partnership with the Spanish Association Against Cancer by funding a new customised therapy project for HER2+ breast cancer. This phase I clinical trial, led by Dr. Julio Delgado, aims to evaluate the toxicity and effectiveness of ARI-HER2+ cells and design a new cell therapy drug. The company has pledged EUR 1 million over five years to support this study, which is primarily conducted at the Clinic Barcelona Comprehensive Cancer Center.

This initiative builds on previous projects funded by El Corte Inglés since 2014, focusing on various aspects of breast cancer treatment, including alternative therapies, precision medicine, hormonal therapy, and immunotherapy. The ongoing collaboration has resulted in significant advancements, such as the creation and validation of TIL products and the initiation of clinical trials.

The current project involves three Spanish institutions: Hospital Clinic Barcelona-IDIBAPS, Hospital 12 de Octubre in Madrid, and Clínica Universidad de Navarra. Researchers will test different drug doses to establish an effective treatment protocol. The Spanish Agency for Medicines and Healthcare Products has approved the new product and is expected to greenlight the clinical trial soon.

El Corte Inglés's sustained support for breast cancer research highlights its commitment to social responsibility and innovation in healthcare, aiming to provide new hope for patients through groundbreaking therapies.

El Corte Inglés advances breast cancer research with new customised therapy project

What: Boyner hosted the second annual Dynamic Fest, attracting over 8,000 attendees with sports activities, inspiring speeches, and engaging workshops.

Why it is important: The festival highlights Boyner's commitment to promoting an active lifestyle and community engagement, offering diverse experiences that inspire participants through sports and entertainment.

Boyner Dynamic Fest took place at Bonus Parkorman on September 28-29, drawing more than 8,000 participants. The event featured high-energy sports activities, motivational talks by athletes like Aysu Türkoğlu and Seren Ay Çetin, dance performances, creative workshops, and competitive tournaments. The festival aimed to raise awareness about sports and healthy living, providing a weekend filled with diverse activities for attendees.

Inspiring stories were shared by athletes such as Türkoğlu, known for her Oceans Seven achievements, and Çetin, the first Turkish female WBC Silver World Champion. Competitive tournaments in basketball and volleyball offered participants the chance to win surprise prizes. Additionally, the festival supported animal adoption through the Her Eve Bir Pati Association (HEPAD), with several pets finding new homes.

Boyner CEO Eren Çamurdan emphasized the festival's role in fostering new experiences and dynamism. Supported by brands like adidas, ASICS, and Levi's, the event successfully brought together people of all ages to celebrate movement and a good life.

Check out the photos of the Boyner dynamic fest '24

Boyner Dynamic Fest, Press release

What: Rains has opened a 30-square-meter pop-up store in the atrium of the Galeries Lafayette Haussmann men's building in Paris, as part of its European expansion strategy.

Why it is important: This pop-up highlights Rains' efforts to increase its presence in Europe, offering exclusive and limited-edition products to a targeted audience and enhancing the brand's visibility in a prominent retail location.

Rains, known for its coats, parkas, and other seasonal clothing, has inaugurated a pop-up store in the atrium of the Galeries Lafayette Haussmann men's building in Paris. Located at 40 boulevard Haussmann, this 30-square-meter space is part of Rains' broader European expansion strategy. The pop-up features the new Askim parka from Rains' Thermal range, available in a limited-edition khaki colourway exclusively at Galeries Lafayette Paris Haussmann.

The store's design combines industrial and minimalist elements with touches reminiscent of Rains' brand identity, including grey tones, windows covered in water drops, and a fog effect. This initiative follows a series of pop-ups launched by Rains across Europe, aiming to strengthen the brand's presence and engage with customers in key markets.

Galeries Lafayette hosts Rains pop-up in Haussmann atrium