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China is set to increase its appeal to international tourists by opening 41 new duty-free stores, as part of a broader initiative to stimulate tax-free shopping upon arrival. This new development was unveiled in a joint statement by five Chinese government…
The vibrant world of Japanese department stores is currently facing a challenging downturn, with recent reports indicating a slowdown in consumer spending among a wealthy demographic. This shift appears to be part of a broader trend influenced by…
King Power, a leading duty-free company in Thailand, has made the announcement that it will be closing its branches in Srivaree, Pattaya, and Mahanakhon by September. This move forms part of a broader cost-cutting strategy that involves a voluntary redundancy…
CDF-Lagardère (CDFL), the joint-venture from China Duty Free Group (CDFG) and Lagardère Travel Retail, which won the contract to operate the duty-free liquor and tobacco stores at Hong Kong International airport (HKIA) has revealed initial performance of its…
Eurazeo Capital portfolio company Fintrax Group has formed a joint-venture (JV) with The Lotte Group subsidiary Lotte Data Communications Corporation (LDCC). Fintrax will join Lotte as shareholding partners in CubeRefund, an existing refund operator in Korea…
Singapore Windsor Holdings has signed a 10-year agreement with DFS Group to develop and operate duty-free retail outlets at Yangon International Airport and Nay Pyi Taw International Airport. DFS Group is a Hong Kong-based luxury travel retailer,…
