Galeries Lafayette undergoes management changes following the death of matriarch Ginette Moulin. Arthur Lemoine appointed CEO, with Guillaume Houzé as chief image and innovation officer, Emmanuelle Greth as chief HR and CSR officer, and Matthieu Caloni as CFO. The group aims to strengthen governance and consolidate its retail and creation positioning.

Sales at Galeries Lafayette’s flagship store have rebounded, but the regional network struggles. The group sold 26 stores to Michel Ohayon and faces losses from key holdings like La Redoute. Philippe Houzé takes over as chair of Motier from Ginette Moulin, as the retailer navigates business challenges.

Read more at Yahoo Finance: Galeries Lafayette Reshuffles Management Ranks