Pursuits
LVMH’s DFS Group Plans To Open First Europe Shop in 2016
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DFS Group, an operator of duty-free shops controlled by LVMH Moet Hennessy Louis Vuitton SA, said it plans to open its first stores in Europe to cater to Chinese consumers who travel more frequently to the region.
The company plans to add “a few” outlets in Europe in 2016 and is looking at prime destinations for Chinese tourists, such as France, Italy and Switzerland, Chief Operating Officer Michael Schriver said. DFS, which gets more than half of its global sales from Chinese shoppers, currently has no outlets in Europe.