Fashion
Muji to open largest European store in Paris
Published
January 18, 2026
The successor to C&A at 126, rue de Rivoli has finally been revealed. After more than two years of work to rehabilitate the historic building, which for many years housed the flagship of the Dutch fashion chain, Redevco announced on January 16 that another international fashion player will open its French flagship within the BPM project by late 2026.
With a planned footprint of 2,700 square metres, Muji shows that Uniqlo is not the only ambitious Japanese brand in France and Europe. The Japanese advocate of the “no brand” concept (Mujirushi Ryohin) has set its sights on one of the capital’s busiest thoroughfares. The store will be among the largest in Europe, eclipsing the already generous format at Forum des Halles.
It marks a milestone for Muji, whose Paris story began in 1998, when the brand quietly took its first steps on Rue Saint‑Sulpice, attracting a Left Bank clientele of insiders. In nearly thirty years, the brand has spread to the Marais, Saint‑Lazare and Bastille, with six stores. But the forthcoming Rivoli location, with its XXL format over three levels, signals a shift in approach on a thoroughfare that sees nearly 15 million visitors a year.
Muji to expand its range in Europe
“The future store will offer 2,500 square metres of sales space across three levels (basement, ground floor and first floor). For the brand, it’s a genuine relaunch in Paris and then in London, before rolling this proposition out across Europe,” Uriel Karsenti, the brand’s Europe director, told FashionNetwork.com.
“Our strategy is to align Muji’s image at a global level. The aim is to expand the sales area to present a much more comprehensive range.”
Today, Muji offers barely half the range available in its stores in Japan. In its new flagship, the brand will be able to present around 85% of the Japanese range, including the childrenswear collection, as well as skincare, and a much stronger selection of accessories, homeware and electronics.
“This will be our largest store in Europe, after our Finnish location, which is unique in having a restaurant. We are currently looking for a site in London, in the Oxford Street area, where we already have a store,” explained the executive, who hopes for a major opening in the English capital in 2027.
“The flagship is important for the group’s management, as it is a showcase project that will test Muji’s potential for international expansion, a significant growth driver for the Japanese leadership.”
The store, whose concept has been entrusted to Atelier Tsuyoshi Tane Architects (At‑ta), is due to open in October in a building completely refurbished by the owner.
The location is significant, and C&A attracted generations of customers here before closing in 2023. The owner, Redevco, has initiated a complete overhaul of the building to breathe new life into the 13,000 square metre complex. Dubbed “BPM” (for “Beats Per Minute”), the project, entrusted to architect Franklin Azzi, goes beyond a simple façade renovation. The future Muji flagship will be spread over three levels, but it will not be the only new feature: the building will also house a 57‑room Radisson Collection hotel, upmarket offices (the LVMH group is reportedly in the running for part of the space) and, more surprisingly, an urban logistics hub in the basement. Redevco says it was also keen to preserve the soul of the site by maintaining a listed 13th‑century crypt and opening a landscaped rooftop accessible to the public, offering a bird’s‑eye view over the rooftops of Paris.
With another fashion brand yet to be unveiled, Muji—whose parent company, Ryohin Keikaku, closed its 2024‑25 financial year at the end of August with global sales of 785 billion yen (around €4.3 billion) from some 1,450 stores worldwide—is bringing its full hybrid fashion‑and‑home concept to a Parisian thoroughfare that is reinventing itself.
Muji’s management, for whom the North American and European markets account for 5% of activity, intends to build on its positive momentum, having reported double‑digit growth in Europe in the first quarter of 2025‑26, supported by around 30 stores across nine markets.
The expanded range will also be progressively rolled out on its website next season. This is a major development and could prompt Muji to review its current French network, comprising five stores in Paris and one in Lyon. Following the opening of its flagship, Muji may look for new, larger spaces in the years to come.
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Calida Group has reported net sales of CHF 215.9 million (~$278.5 million) in 2025, down 5 per cent YoY.
EBIT rose to CHF 9 million (~$11.6 million) and net profit to CHF 7.6 million (~$9.8 million), supported by strong Calida and Aubade performance.
The group maintained solid liquidity and continued Cosabella repositioning while targeting future profitability improvement.
The group maintained a solid financial base with net liquidity of CHF 25.1 million and an adjusted equity ratio of 67.9 per cent, while free cash flow reached CHF 9.8 million. The board proposed a cash dividend of CHF 0.25 per share, corresponding to a payout ratio of 23 per cent in line with its long-term dividend policy.
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Brand-wise, Calida generated sales of CHF 145.1 million, declining modestly as store traffic softened, although e-commerce growth and a strong Christmas season supported second-half performance. The brand improved its operating contribution margin through higher gross margins and ongoing cost optimisation while reinforcing its premium market positioning.
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Fibre2Fashion News Desk (SG)
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Margins and earnings improved, while cash rose and debt declined.
Fourth-quarter revenue increased 4.6 per cent.
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