The DFS will close its remaining two stores at Daniel K. Inouye and Kahului airports on March 31.

LVMH confirmed that it will continue to exit DFS on a gradual basis during its full-year 2025 results presentation and earnings call ...

LVMH’s travel retail arm DFS has sold its business in Hong Kong and Macau, as well as its intangible assets in Greater China, to China Tourism Group Duty Free (CTG Duty Free) for an undisclosed sum.

CTG Duty-Free and LVMH also entered into a memorandum of understanding where both parties aim to set up a strategic cooperation, notably in the retail sector.

DFS is continuing to assess the future of its non-China operations, following the agreement announced this week to sell its China assets to China Tourism Group Duty Free.

LVMH is selling its Duty Free Shops (DFS) business in China to CTG Duty-Free, including stores in Hong Kong and Macau and intangible assets.

DFS has revised its WARN notice to state that all 183 Hawaii employees — including 19 at Kahului Airport — will be laid off by March 31 as the company exits the state after 63 years.

China Tourism Group Duty Free plans to acquire DFS' Greater China operations from LVMH and the Miller Family. The transaction includes nine travel retail stores in Hong Kong and Macao, as well as ...