China Tourism Group Q2: revenue plummets as a result of lockdowns but hope on the horizon as cases drop
China Tourism Group saw revenue plummet 38 percent yoy to CNY10.868 million in the second quarter of the financial year as a result of China’s continuing lockdowns, according to an article published by Moodie Davitt Report.
The Estee Lauder Companies announces new Travel Retail leadership appointments
The Estee Lauder Companies has announced that Patrick Bouchard has been promoted to Senior Vice President / General Manager, La Mer and Le Labo, Travel Retail Worldwide, effective immediately and that Eric Lee has been appointed to SVP, Business Development and Strategy, Travel Retail Worldwide, effective September 6.
DFS Group launches travel retail beauty metaverse named DFS World
DFS Group has opened its travel retail beauty metaverse named DFS World, which has been launched in conjunction with its biggest annual beauty campaign.
Russia to open duty-free stores stocked with western brands for diplomats
Russia has revealed plans to open a series of duty-free stores where diplomats will be able to purchase products from western brands using foreign currency, according to a report published by The Guardian.
Coty forms strategic partnership to support digital platforms such as Alipay in travel retail
Coty has signed the Global Travel Retail Joint Business Partnership with Ant Group to ‘enhance the cooperation in digitalization.’
L’Occitane cuts ribbon on first sustainability concept store in Hainan
L’Occitane’s Travel Retail Asia-Pacific division has launched its first sustainability concept store at Sanya International Duty-Free Shopping Complex in Haitang Bay.
Hainan province holds first duty free shopping festival
China’s Hainan province has announced the launch of its inaugural Hainan International Outlying Islands Duty Free Shopping Festival. The event was kick started on June 28 and will run for six months with more than 50 marketing activities planned.
Beekman 1802 opens LaGuardia store
Beekman 1802 has opened its second Kindness Shop in the newly renovated LaGuardia Airport Delta terminal.
Bring back tax-free shopping pleads luxury alliance
A group of some 250 luxury British brands is petitioning the UK government to bring back tax-free shopping, according to a report published by Bloomberg.
The Estée Lauder Companies appoints Karen Housman as Senior Vice President/General Manager Travel Retail, APAC
The Estée Lauder Companies (ELC) has appointed Karen Housman as Senior Vice President/General Manager, Travel Retail, APAC, effective July 1, 2022.
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