Georges Dufayel was a Parisian retailer and businessman who popularized and expanded the practice of buying merchandise on credit and purchasing from catalogues. He is mainly remembered as the founder of the Grands Magasins Dufayel, a large and opulent department store in the Goutte dOr district of Paris that sold household furnishings. It closed in 1930, but the building, somewhat modified, still stands.
Georges Jules Dufayel was born in Paris in 1855, the son of Achille Armand Dufayel and Marie Stphanie Nicholas. He attended the Maison DupontTuffier school. In 1871, he went to work for Jacques Franois Crespin , the owner of Le Palais de la Nouveaut in Pariss 18th arrondissement. The store, which Crespin had founded in 1856, sold furnishings and housewares on credit.
Source: Wikipedia