Retail company Rainbow Group is taking over three more shops at the Grand Lapa Hotel, a source close to the deal told Macau Business.

The shops are located on the ground floor of the 5-star hotel and were previously occupied by brands like Hermes, Salvatore Ferragamo and Dunhill.

Rainbow Group already operates other shops located in the hotel’s shopping arcade, in cooperation with international brands such as Cartier and Hugo Boss.

“It is a good move for the retail group but will leave the hotel very dependent on one group,” an analyst told Macau Business.

Rainbow Group declined to provide information both on the deal and brands that will occupy the shops.

The Rainbow Group is Macau’s largest distributor of high-end brand products, holding exclusive dealerships for more than 10 brands in Macau – including Emporio Armani, Cartier, Ermenegildo Zegna and Burberry.