Three new Chinese duty free licences awarded in Guanxi

The Chinese Ministry of Finance has granted approval for new departures duty free stores at Nanning Wuxu International Airport and the Pingxiang Youyi and Longzhou Shuikou border ports… Read more…

New Hainan DF policy provides scope for more premium brands, says CDFG

China Duty Free Group (CDFG) is ‘proactively adjusting’ its brand strategy after the raising of the offshore duty free tax credit limit on Hainan Island… Read more…

AENA ‘negotiating contracts’; Jan-June commercial & real estate income income falls

Spain’s airport operator AENA has announced it has negotiated payment deferrals for commercial operators worth €18.6 million/$21.8 million as it strives to preserve the value of contracts… Read more…

DFS suffers from travel bans as LVMH Selective Retailing down -32% in H1

International travel restrictions impaired DFS Group’s operations in most destinations as LVMH Moët Hennessy Louis Vuitton’s Selective Retailing division suffered a 32% fall in reported revenue (-33% organic) to €4,844 million/$5,451 million in the first half of 2020… Read more…

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