Amorepacific said it signed a strategic partnership with China Duty Free Group (CDFG) to strengthen its global presence.…
Dufry sells 10% stake to Alibaba, forms new Chinese JV
Swiss duty-free retailer Dufry announced on 5th October it has entered into a joint venture with China’s Alibaba Group to partner in the Chinese travel retail market and boost its digital technologies…
Korean Air to sell its catering and duty-free business
Korean Air, Korea’s biggest carrier, said it will sign a deal soon to sell its in-flight catering and duty-free business to a homegrown private equity fund amid the growing impact of the coronav…
MONARQ Group announces partnership with Fluère Drinks
Fluère Drinks, creator of Fluère – spirito non alcolico, has announced a partnership with independent drinks distributor, MONARQ Group.…
Dufry to acquire remaining equity interests in Hudson
Dufry has announced it has fully acquired its American retailer Hudson, with a purchasing agreement that will see Dufry acquire all the equity interests in Hudson it does not already own for US$7.70 p…
Sydney Airport provides rent waivers for retail and property tenants
Sydney Airport provided US$37.9 million worth of rent waivers to retail and property tenants from April to June, or 62% of contracted rents by value in the period (71% in retail alone).…
Malaysia Airlines and 3Sixty Duty Free partner to enhance e-retail
Malaysia Airlines has seen a big boost in visitor traffic to its e-retail store Temptations since partnering with inflight retail and omnichannel services specialist 3Sixty Duty Free & More. …
Coty and Lacoste launch Match Point
Coty has unveiled Match Point, the new masculine fragrance from Lacoste.…
Dashang Co applies for a duty free licence
Dalian-based retail company Dashang Co has become the latest local market player to apply for a duty free licence as interest in China’s burgeoning duty free channel surges.…
Wangfujing to create duty free company
Wangfujing Group, which last month was granted a licence to sell duty free goods by the Ministry of Finance, announced the creation of a wholly owned subsidiary duty free company.…