Fashion
Seven SGM-operated Galeries Lafayette stores in France will be renamed amid Shein launch
Published
November 4, 2025
In France, the Galeries Lafayette group made its position clear as soon as the Société des Grands Magasins announced its plan to introduce ultra-fast-fashion brand Shein into five regional Galeries Lafayette stores that SGM has operated for several years. After weeks of negotiations, and on the eve of Shein taking up more than 1,000 square metres at BHV, the two parties formally acknowledged their disagreement in a joint press release.
“Galeries Lafayette and the SGM group have agreed to terminate the affiliation agreements that have bound them since 2021 for the seven stores that SGM owns and operates under the Galeries Lafayette banner,” read the statement. “These stores are located in Angers, Dijon, Grenoble, Le Mans, Limoges, Orléans, and Reims.”
Frédéric Merlin‘s company SGM has announced that it will operate these department stores under a new name, to be revealed shortly.
“This decision stems from a strategic divergence within the collaboration,” read the joint press release. “This collaboration will end in the coming weeks, according to a timetable which is currently being finalised.”
These stores, located in prime sites in major French cities, currently carry numerous Galeries Lafayette own-brand ranges and brands listed by the Galeries Lafayette group’s central buying office. Due to this, the continuity of operations at these locations is now in question.
The two parties state that they are “pursuing their discussions in a constructive spirit and doing their utmost to ensure an orderly transition that respects teams and customers.” Nonetheless, customers and employees will naturally be concerned about this situation.
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Fashion
UGG boots that last 15 years: Inside Deckers’ strategy
Kenneth Straka, Senior Product Development Manager at Deckers Outdoor Corporation, said that Deckers places strong emphasis on sustainability, noting that founder John Luke often reminded the team that the French word for sustainability is durability. This idea aligned with discussions at the Global Fashion Summit, where the theme centred on “Building Resilient Futures” in the sustainable and circular economy.
Durability has helped UGG become one of the most sought-after boot brands and a key sales driver for Deckers, alongside its sportswear brand Hoka. “One of the things we think about in terms of circularity is making products that last a long time and remain with consumers throughout their lives. We want products that consumers can wear for ** or ** years,” Straka said in an interview with Fibre*Fashion on the sidelines of the Global Fashion Summit in Copenhagen.
Fashion
South India cotton yarn sees mixed trend, prices up in Tiruppur
In the Tiruppur market, cotton yarn prices increased by ****;*–* per kg in this week despite sluggish local demand. Prices were quoted higher because of limited supply from spinning mills. A trader from the Tiruppur market told Fibre*Fashion, “Domestic demand remained limited, but spinning mills are not relying solely on the domestic market for cotton yarn sales. They are focusing more on exports, where demand and prices remain attractive. Mills have raised yarn prices following higher ICE cotton prices and the CCI’s increase in auction base prices, although ICE cotton has witnessed a sharp decline over the past two days.”
In Tiruppur, knitting cotton yarn prices were noted as: ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg (excluding GST), ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, and ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg.
Fashion
RMG trade bodies seek policy support from Bangladesh PM
BGMEA president Mahmud Hasan Khan said they discussed export diversification within the garment sector, reopening of closed factories and many factories’ struggle for survival.
Representatives of two top Bangladesh garment trade bodies recently met PM Tarique Rahman and urged him to ensure uninterrupted power and energy supply, quick release of export receipts from banks, reopening of closed factories and easing of customs regulations.
BKMEA raised concerns about misuse of the bond facility and urged action against violators of bond licences.
104 factories have informed the BGMEA about their closure till now, Khan said. BGMEA will scrutinise these cases to identify the genuine reasons for the closures.
Following the scrutiny, the association will send recommendations for reopening these factories, as the government is working to open a Tk 200-billion fund to assist their revival.
BKMEA president Mohammad Hatem said some 400 factories closed in the last three years—nearly 300 of them due to non-cooperation from banks. He said banks release export receipts to exporters’ lien accounts, but delays in payment often force loans into default, leaving exporters unable to pay suppliers on time.
He also demanded uninterrupted supply of power and gas to industrial units as recent shortages of fuel oil have severely affected productivity, according to domestic media ooutlets.
Hatem raised concerns about misuse of the bond facility and urged action against violators of bond licences.
He also called for easing the rules of the National Board of Revenue, particularly customs procedures, to smoothen export and import processes and reduce lead times.
Fibre2Fashion News Desk (DS)
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