China Tourism Group Duty Free, DFS and LVMH Finalise Acquisition and Share Subscription Agreement

China Tourism Group Duty Free, DFS and LVMH finalise acquisition and share subscription agreement

CTG Duty-Free, through its wholly-owned subsidiary China Duty Free International, has now assumed ownership and operations of DFS’s travel retail stores in Hong Kong and Macau, and directly acquired its core intangible assets.

CDFG completes DFS Hong Kong and Macau acquisition as LVMH takes stake

LVMH and the Miller family have completed their subscription for newly issued H-shares in CTG Duty-Free, reinforcing a long-term strategic partnership between the three parties. The post CDFG completes DFS Hong Kong and Macau acquisition as LVMH takes stake appeared first on DFNI.