US EditionLVMH sells greater China retail business of its DFS group to CTG
CTG Duty-Free will buy DFS Greater China stores for cash and gain exclusive brand rights, with LVMH and Miller Family subscribing to CTG shares to retain economic exposure.
- CTG Duty-Free will acquire DFS' travel retail business in Hong Kong and Macau, including intangible assets for use in Greater China, as part of a definitive agreement.
- LVMH and the Miller Family will participate in a capital increase of CTG Duty-Free by subscribing to newly issued H-shares after the transaction is completed.
- Luke Chang, Executive Director of CTG Duty-Free, stated that the acquisition will expand their service network in the Greater Bay Area and promote China-chic brands globally.
- DFS will continue to operate its global luxury travel retail business while leveraging strengths alongside CTG Duty-Free for mutual benefits in the retail sector.
14 Articles
14 Articles
The Manila Times
The Caledonian RecordDFS and China Tourism Group Duty Free Announce Agreement for Sale and Purchase of DFS’ Greater China Retail Business
China Tourism Group Duty Free ('CTG Duty-Free') to acquire DFS' stores in Hong Kong and Macau and intangible assets in Greater ChinaCTG Duty-Free and LVMH to develop further collaborationsLVMH and the Miller Family to subscribe to CTG Duty-Free's H-shares HONG KONG SAR - Media OutReach Newswire - 20 January 2026 - DFS, a global leader in luxury travel retail owned by LVMH and DFS' co-founder and shareholder Robert Miller, and CTG Duty-Free, a pr…
The transaction, completely in cash, must be completed in about two months, said the French conglomerate of luxury, without, however, providing financial details on the operation.
LVMH sells greater China retail business of its DFS group to CTG
French luxury group LVMH , the world's biggest, said on Monday that it has agreed to sell its DFS travel retail business in Hong Kong and Macau, as well as its intangible assets in greater China to China Tourism Group Duty Free Corp (CTG) , a Chinese travel retail operator.
DFS Group Sells Hong Kong, Macau Business to China's CTG
Luxury travel retailer DFS Group has agreed to sell its Greater China business to China Tourism Group Duty Free for not more than $395 million as the LVMH unit continues to downsize. CTG Duty Free, which is listed on both... Read More>> The post LVMH’s DFS Group Sells Hong Kong, Macau Business to China’s CTG for Up to $395M appeared first on Mingtiandi.
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
