DFS news and archive

LVMH sells its travel retail business (DFS) in China

LVMH announced on Monday the sale of its Duty Free Shops (DFS) business in China to CTG Duty-Free, a major travel retail operator headquartered in Beijing. “As part of this transaction, CTG Duty-Free will acquire the DFS stores located in Hong Kong and Macau, as well as intangible assets including a portfolio of DFS brands and intellectual...

Retail

LVMH's DFS Group plans tax free luxury complex in China

DFS Group, a subsidiary of luxury conglomerate LVMH, has revealed plans to build a sprawling shopping and entertainment complex on China's duty-free Hainan Islandm, said Bloomberg. Spanning 128,000 square meters and scheduled for a 2026 launch, the project will house over 1,000 luxury brands, including those from LVMH. Alongside shopping, the...

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Retail|In Pictures

Samaritaine reopens in Paris after renovations

Luxury department store Samaritaine Paris Pont-Neuf overlooking the Seine has reopened after major renovations. The historic building has been restored by the DFS group, which is majority-owned by LVMH alongside co-founder Robert Miller. Éléonore de Boysson, president of DFS, Europe and the Middle East, said in a statement: “We welcome you to...

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New CEO and chairman of DFS

The DFS shareholders, the LVMH Group and Robert Miller, have announced that Benjamin Vuchot has been appointed chairman and CEO of DFS, effective January 2021. He first joined the luxury travel retailer, DFS, in 2011 as the Asia North president, leading the company’s operations in Hong Kong, Macau, China and Korea and driving several significant...