DFS Group picks 22% stake in e-commerce unit of Chinese duty-free operator

DFS Group picks 22% stake in e-commerce unit of Chinese duty-free operator

DFS Group, a Hong Kong-based travel retailer majority-owned by global luxury conglomerate LVMH, has become the second-largest shareholder in the e-commerce unit of Chinese state-owned duty-free products provider Shenzhen State-Owned Duty-Free Commodity Group.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter