Welcome to the TRBusiness 90 Second News update for 23 January 2026 – your weekly roundup of duty free and travel retail news, kindly sponsored by Coty.

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CTG Duty-Free to acquire DFS’ Greater China retail business

Beijing headquartered travel retail operator, China Tourism Group Duty Free (CTG Duty-Free), has struck an agreement with DFS to acquire its travel retail business in Hong Kong and Macau, as well as its intangible assets in Greater China. Read more…

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DFS pulls out of “seven-star” Yalong Bay project

In the wake of the DFS deal to sell off much of its Hong Kong and Macau retail estate, announced on Monday, the LVMH-owned travel retailer is also pulling out of a large retail and entertainment complex in Yalong Bay, Hainan, which has been in the making since 2023. Read more…

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Lotte DF and Hyundai DF bidding for DF1 and DF2 zones at ICN

Lotte Duty Free and Hyundai Duty Free have confirmed that they have submitted bids for the DF1 and DF2 concessions at Incheon International Airport (ICN).Read more…

Image Credit: Kollawat Somsri/Shutterstock

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Peace Arch Duty Free embarks on ambitious retail renovation programme

Peace Arch Duty Free has embarked on an ambitious redevelopment under the leadership of President Peter Raju. Read more…

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ETRC President: “We still need to do more on data”

The ETRC Business Forum took place in Amsterdam on 22 January under the theme of ‘Protect, Persuade, Prosper’. To kick-start proceedings, the association’s President, Nigel Keal, took to the stage to deliver welcome remarks and set the scene for the conference sessions ahead. Read more…

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