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DFS Group growing locally

Luxury duty free retailer DFS Group ‘experiencing sustained growth’ in the MSAR and Hong Kong in the first nine months of this year

In its most recent financial report, French luxury goods producer LVMH Moet Hennessy Louis Vuitton SE stated its Hong Kong-based retail subsidiary DFS Group is ‘experiencing sustained growth, particularly in Hong Kong and Macau’.
According to a report by LVMH regarding the first nine months of this year, the group’s selective retailing sector saw organic revenue increase by 12 per cent compared to the same period last year, reaching 9.33 billion euros (MOP88.37 billion/US$10.99 billion).
The DFS Group currently has four T Galleria dutyf ree retail stores in the MSAR: in City of Dreams, Shoppes at Four Seasons, Studio City and Galaxy Macau. The company also has four stores in Hong Kong.
The company currently has duty free stores in 13 countries with 13 stores in major airports and 18 T Galleria by DFS stores in downtown areas or resorts.
In the first nine months of this year, LVMH registered a 14 per cent increase in revenue to reach 30.09 billion euros, with the sale of fashion & leather goods making up 36 per cent of the total and selective retailing representing 31 per cent.