The Galeries Lafayette shops managed by HPB are now managed by Michel Maire

What: A new manager is taking over Hermione People & Brands, the company who oversees 26 Galeries Lafayette department stores. 

Why it is important: The turnaround specialist, Michel Maire, joins HPB as it was placed under a safeguard procedure in February. 

Michel Maire has been appointed CEO, replacing Eric Damrion who retired after working for the company for five years. 

The Galeries Lafayette stores operated under HPB are located across multiple French regions and employ 1,109 people.