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Galeries Lafayette store group could face 1 billion dollar loss

Galeries Lafayette, arguably France’s most famous high-end department store, could face a 1 billion dollar loss as it struggles in the wake of the coronavirus lockdown. “It is very hard. We reopened the Champs Elysees store on May 11 but we have to face the fact that a lot of customers are missing,” Galeries Lafayette Chief Executive Nicolas...