HPB Whistleblowing for the 25 affiliated Galeries Lafayette

news January 2023 Fashion Network

What: Shaken by the collapse of the ready-to-wear brand Camaïeu and sportswear retailer Go Sport in receivership, the staff representatives at Hermione People group & Brands (HPB) are mobilizing to find out more about the 25 affiliated Galeries Lafayette stores financial and strategic situation. 

Why it is important: This procedure aims at obtaining explanations from the management about the situation of the 25 Galeries Lafayette affiliates, acquired in 2018 and 2021 by Financière Immobilière Bordelaise (FIB), the parent company of the HPB group. An expert report is expected by mid-February. The staff representatives also sent a letter expressing their concern to the management of the Galeries Lafayette group.

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