Inside Retail Asia latest duty free news and business trends within the travel retail industry.
Travel Retail News - Inside Retail Asia
LVMH chairman Bernard Arnault will buy a stake in Arnaud Lagardere’s publishing and media group Lagardere Capital & Management (LCM).
Asian online travel agency and metasearch engine Agoda has shed 1500 staff in a major downsizing brought on by the impact of the coronavirus pandemic.
DFS Group will close all of its stores at Changi Airport on June 8 as its 35-year tenure as wine and spirits concessionaire comes to an end.
With global travel now all but shut down, luggage-retailing goliath Samsonite is facing unprecedented challenges, with net global sales plunging by 80 per cent last month..
Shinsegae, one of South Korea’s largest retail groups, has reported its net profit fell 99.8 per cent year on year as the Covid-19 crisis effectively shut down the nation’s tourism industry.
Following the suspension of operations in Terminal 2, Changi Airport is to further consolidate operations and indefinitely close more retail stores.
The coronavirus outbreak has significantly disrupted retail consumption in the Asia Pacific region, according to findings in a new CBRE report. The study, Asia Pacific Retail Trends, focused on data for this year’s first financial quarter and analysed how the retail, hospitality and tourism sectors in the region have been impacted by Covid-19, with malls and shops throughout the territory compelled to cease operations during t…
LVMH has reported a sales decline of 15 per cent for the first quarter of this year, a staggering achievement given its most lucrative market, China, was shut down for most of the period.
Sunil Tuli, group CEO of King Power Group (Hong Kong) has taken over the presidency of Aptra (Asia Pacific Travel Retail Association) after the resignation of Grant Fleming.
Lagardere Travel Retail has reopened 88 stores at Wuhan airport after more than two months of lockdown due to the Covid-19 outbreak.
Singapore’s Changi Airport will close its Terminal 2 from May onwards, consolidating its operations in response to a steep decline in passenger traffic caused by the coronavirus outbreak.
South Korean duty-free stores are electing to temporarily close for business as the coronavirus pandemic continues.