Chanel under fair trade investigation in South Korea
Chanel is under investigation by The Korean Free Trade Commission (KFTC) in South Korea for allegedly flaunting the country’s Free Trade Act, according to a report by RLI.com.
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Group Arnault acquires minority stake in Lagardère SCA
Bernaud Arnault has acquired a minority stake in publishing and retail group Lagardère SCA through his Group Arnault holding, according to a report by WWD.com.
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Clorox teams up with United Airlines to launch United CleanPlus
Clorox has teamed up with United Airlines to launch a customer safety plan, named United CleanPlus.
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Dufry sees sales crash 94.1 percent in April
Dufry saw sales plummet by some 94 percent in April as passenger numbers dwindled to near nothing.
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Unilever to provide hygiene kits to Uber drivers
Unilever International has teamed up with taxi service Uber to provide hygiene kits for drivers and couriers in the UK.
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TFWA World Exhibition & Conference cancelled due to COVID-19
The Tax Free World Association has decided to cancel the 2020 edition of the TFWA World Exhibition & Conference, scheduled for September 27 to October 2.
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Beiersdorf Q1: hand cream is in, sunscreen and La Prairie is out
Beiersdorf has released preliminary Q1 results, with sales of La Prairie skin care as well as its sunscreen products hit by the drastic fall in travel retail, while sales of hand cream, hand wash and plasters have risen, according to a report by Reuters.
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The Hut Group moves into freight with launch of THG Air
The Hut Group is taking distribution into its own hands. The global consumer brand group has announced a partnership with Singapore Airlines as well as the purchase of two cargo planes in order to launch THG Air.
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Ulta Beauty launches curb-side collection
Stores may be closed to clients but Ulta Beauty has debuted a Curbside Pick-Up service in select stores. The offering is an extension of its popular Buy Online Pick Up in Store service.
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Reckitt Benckiser teams up with Hilton to launch Hilton Cleanstay program
Reckitt Benckiser (RB) has teamed up with hotel chain Hilton to launch the Hilton Cleanstay program, as it looks to deliver an ‘industry-standard of cleanliness and disinfection’ following the coronavirus pandemic.
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Revenue plummets at China International Travel Service as flights grounded
China International Travel Service saw its revenue plummet 44 percent year-on-year to CNY7.63 billion in the first quarter as travel bans and lockdowns were enacted around the globe, according to a report published by Nikkei Asian Review.
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Sa Sa International Q1 sales fall 56 percent; focus shifts to domestic consumer
Sa Sa International has reported a 56 percent drop for its 2020 Q1 wholesale and retail sales to HK$892.4 million (US$115.1 million).
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L’Oréal Q1 2020: e-commerce saves the day as sales down 4.8 percent
L’Oréal has reported its results for the first quarter of the current financial year. The French beauty giant saw sakes drop a modest 4.8 percent thanks to a last-minute uplift as business resumes in China as well as a strong performance from its e-commerce channel.
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Stay home and shop: Changi airport offers tax free shopping to non-fliers
Singapore’s Changi Airport is offering those self-isolating at home the chance to enjoy tax free prices without flying.
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Airport Authority Hong Kong announces HK$1 billion relief package
Airport Authority Hong Kong (AA) has announced a HK$1 billion relief package to help its partners as passenger numbers plummet in the wake of the coronavirus outbreak, according to a press release issued by the same.
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XpresSpa offers airport outlets up as Covid-19 testing sites
XpresSpa Group has announced that it has offered up its 46 airport locations as potential testing sites to the Centers for Disease Control and Prevention, the US department of Health and Human Services and private laboratories across the country.
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Lotte closes Gimpo airport store as traffic plummets
Lotte Duty Free has closed a store located in Gimpo International Airport, according to a report published by The Korea Herald, and reduced opening hours for stores in the city centre.
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Interparfums reports strong 2019 performance but revises outlook for 2020 as coronavirus bites
Interparfums has reported its results for the fourth quarter and year ended December 31, 2019. Net sales swelled 5.6 percent to US$713.5 million (+7.3 percent in comparable currency) and net income grew 12 percent to US$60.2 million.
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Purchases plunge as traffic tanks in travel retail channel
Transport authorities have started to offer rent relief to those hit by the significant drop in traffic caused by the coronavirus outbreak, according to a report published by Market Screener.
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Biddings for Incheon airport duty-free stores licences fall through due to lack of tenders
Biddings for Incheon International Airport duty-free stores, including for perfumes and cosmetics, licensees have fallen through due to lack of tenders in the first auction failure, according to a report by the Korea Herald.
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L’Oréal, Unilever et usher in travel bans as coronavirus takes hold
Several companies have ushered in restrictions or even bans on business travel in a bid to limit the spread of coronavirus, according to a report published by CNN.
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Marie Claire Jet Style launches first travel retail salon
Ex Managing Director of Marie Claire UK, Justine Southall has teamed up with celebrity hair stylist Steph Stevenson to unveil a new venture: Marie Claire Jet Style.
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Lotte Duty Free launches new eco-friendly packaging
Lotte Duty Free has launched biodegradable packaging such as bubble wrap and paper bags to replace plastic, in a bid to lead the industry in its eco-friendly offering.
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Lotte Duty Free is poised to open a flagship store in Sydney’s Central Business District, according to a report published by Shopping Centre News.
CLICK HEREStreet Talk – Travel Size – Millennial
Watch Street Talk series 12 and find out why Julia likes to buy cosmetic products in travel size.
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