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    Reference: 20210106
    Release date: 29 March 2021

    Promoter – Financial Intermediary

    SOCIETE ANONYME DES GALERIES LAFAYETTE

    Location

    Description

    Support for the Digital Transformation and Innovation plan of the Galeries Lafayette.

    Objectives

    The digitalisation project will support the Promoter's efforts in transforming and expanding its business. The improvement and rollout of platforms and tools based on innovative technologies will also enable the simplification of the organisation and processes and will contribute to improved operational efficiency.

    Sector(s)

    • Services - Wholesale and retail trade; repair of motor vehicles and motorcycles

    Proposed EIB finance (Approximate amount)

    EUR 65 million

    Total cost (Approximate amount)

    EUR 130 million

    Environmental aspects

    The project activities do not fall under Annexes I or II of the EU Directive 2014/52/EU amending the EIA Directive 2011/92/EU. In addition, the project activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project. As such, the project activities are not subject to a mandatory environmental impact assessment (EIA).

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to the EU public procurement legislation then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.

    Status

    Approved - 17/11/2021

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    France Services