French luxury brand closes its Beijing flagship store

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Galeries Lafayette closed the doors to its Beijing branch for the last time on May 27, 2026. The French luxury department store ended operations at its first flagship in China after more than a decade. The store first arrived in 2013, when a luxury boom was sweeping across the country. Today, however, sluggish domestic spending and shifting consumer habits have taken a toll. Follow us on: Website: https://scmp.com SCMP Knowledge: https://www.scmp.com/knowledge Facebook: https://facebook.com/scmp Twitter: https://twitter.com/scmpnews Instagram: https://instagram.com/scmpnews Linkedin: https://www.linkedin.com/company/south-china-morning-post/