The post LVMH’s DFS Group Sells Hong Kong, Macau Stores—and Scraps Key Hainan Project appeared on BitcoinEthereumNews.com.

Pedestrians walk past the T Galleria by DFS in Tsim Sha Tsui, Kowloon, Hong Kong. getty Luxury travel retailer DFS Group’s disposals have been steadily shrinking the company’s presence—and relevance—in the global duty-free and travel retail channel it once dominated. Today, one of the most prominent of these deals was announced, with the majority LVMH-owned company agreeing the sale of its Greater China business to China Tourism Group Duty Free (CTG Duty Free). The retailer has also decided to scrap its ambitious shopping and entertainment infrastructure project in Yalong Bay in Hainan, a popular duty-free province. A spokesperson told Forbes.com: “DFS has been reassessing our plans for Yalong Bay. With this latest transaction to sell our Hong Kong and Macau business, we can confirm DFS will not be proceeding with the Yalong Bay project. We thank Shenya for their collaborative partnership.” Shenya Group is a regional Chinese real estate developer. DFS has pulled out of the large-scale Yalong Bay retail development in Hainan. DFS Group The Hong Kong and Macau sale comes on the heels of historic decisions to close DFS’s Guam duty-free operation after 50 years, by March, and at another pioneering location: Hawaii. There, after 63 years, the retailer is exiting the market, closing its Waikiki business next week on January 28, and its Honolulu Airport store on March 31. Its lease at Kahului Airport will end on August 31. This all comes on top of T-Galleria closures or withdrawals of interest in New Zealand and Australia, plus Saipan, and Fondaco dei Tedeschi in Venice. LVMH also took arguably DFS’s most prestigious location, La Samaritaine in Paris into a new governance structure and out of DFS’s hands early last year. Back in China, CTG Duty Free, which is listed on both the Hong Kong and Shanghai exchanges, is…

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Filed under: News - @ January 20, 2026 5:28 am