Assuming that Heinemann acquired an additional 15% equity interest in DFZ, the proceeds from the proposed disposal will be up to 52.21 million euros.…
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Newcomers to Korea’s tax-free market in all-out war
Step into the doors of the third-floor entrance of HDC Shilla Duty Free in Yongsan, central Seoul, and it’s a whole new world.…
Korean authorities to grant four new downtown duty free licences
Korea Customs Service is to offer four more downtown duty free licences amid burgeoning business with Chinese tourists.…
Shilla tops new duty-free shops in daily sales
South Korea’s five newly licensed duty-free stores in Seoul are seeing steady improvements in their daily revenue, with HDC Shilla and Hanwha in the lead so far, the companies said Tuesday.…
Takashimaya, ANA and South Korean firm to set up duty-free operator
Major department store operator Takashimaya Co. and two other firms will jointly establish a company Wednesday to operate duty free shops.…
China bets on duty-free paradise to keep luxury spenders at home
China’s efforts to lift local consumption, spur domestic tourism and keep within its borders citizens have spawned a duty-free paradise in Hainan.…
Luke Gorringe appointed as Delhi Duty Free General Manager
ARI has appointed Luke Gorringe as General Manager of Delhi Duty Free Services.…
Kakao Friends: Shinsegae’s 11th floor aims to attract young visitors
Shinsegae aims to transform its newly opened duty free store in Myeong-dong, downtown Seoul, into a tourist landmark.…
E-commerce start-up GDFS to launch Hong Kong store
A new shop-and-collect e-commerce platform that claims to be travel retail’s first membership-based cross-border service is poised to launch a new duty free shop in Hong Kong, China this October.…
Concerns growing over duty free store’s China dependence
Lotte, Shilla and other duty free shops here are too dependent on Chinese tourists who are responsible for nearly 70 percent of their sales.…