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DFS is a LVMH Maison that offers high-end products and services to travelers in 15 airports and 18 downtown locations. Learn about its history, identity, innovation and people on its website.
Selective retailing counts Sephora, the leader in beauty retail innovation, and Le Bon Marché Rive Gauche, the Parisian department store that epitomizes chic, while DFS proposes uniqu.DFS Group (DFS) is a Hong Kong–based travel retailer of luxury products. Established in 1960, its network located in major airports and downtown stores around the world, including duty-free stores in 12 airports and 21 downtown locations, as well as affiliate and resort locations, featuring 750 brands. It is privately held and majority owned by the luxury conglomerate Moët Henness. Luxury travel retailer DFS Group has appointed well-liked former CEO, Ed Brennan, to the top job during a “reinvention phase” for the company.
Selective retailing counts Sephora, the leader in beauty retail innovation, and Le Bon Marché Rive Gauche, the Parisian department store that epitomizes chic, while DFS proposes unique retail experiences for international travelers, . DFS’ C-suite Is Changing. Ed Brennan will succeed Benjamin Vuchot on an interim basis as the LVMH-owned travel-retail operator’s chairman and CEO. DFS – or Duty Free Shopping – the world’s leading premium travel retailer, now takes an increasingly hefty chunk of this seriously lucrative pie. Last year alone, they sold a . In early December, the LVMH-owned luxury travel retailer DFS Group celebrated its signature luxury watches and fine jewellery exhibition, Masters of Time, in the vibrant shopping complex T Galleria Shoppes at Four .
CANNES, France — DFS, the LVMH Moët Hennessy Louis Vuitton-owned travel retail operator, said Sunday that it is opening the first “seven-star” luxury retail and entertainment destination, in.Découvrez l'histoire, l'identité et les innovations de DFS, la Maison de distribution sélective du groupe LVMH. Avec 400 boutiques et 18 T Gallerias dans le monde, DFS offre aux voyageurs des produits haut de gamme et des services . The Fashion & Leather Goods business group recorded organic revenue growth of +20% in the first half. Profit from recurring operations was up +14%. Louis Vuitton had an excellent first half, said LVMH, which included the .
LVMH Moët Hennessy Louis Vuitton is preparing for a sale of its stake in luxury travel retailer DFS Group, according to a report from Ion Analytics’ Merger Market business intelligence platform. It cites an enterprise value of . In 1996, when LVMH bought DFS, Miller retained a large minority stake which he still has today. Vuchot took on the CEO role at DFS Group during a very difficult period for the company. At the time . LVMH appoints luxury retailer to head its subsidiary DFS Group Europe. Formerly of Kering (Printemps) , Catherine Newey has been with Lvmh since 2014, and will replace Eléonore de Boysson as of June 17, 2024.LVMH acquires the majority share of DFS Group. 2004 DFS moves its headquarters from San Francisco to Hong Kong. . DFS introduces its new Chinese name: 迪斐世 (pronounced "dí fěi shì" in Mandarin). DFS launches a new global loyalty program, DFS CIRCLE, providing customers with exclusive member privileges and rewards.
DFS Group has continued to benefit from the “gradual recovery” in international travel, with flagship destinations in Hong Kong and Macao leading the bounce back during the first nine months of 2023.. The latest figures, from parent company LVMH, show 26% organic revenue growth year-on-year for the maison’s Selective Retailing arm, which includes both DFS and .
Today, with innovation as its founding principle, DFS is the world’s leading high-quality travel retailer. This status means it can launch trends and offer travelers more high-end products and exceptional services, such as beauty concierge, exclusive products and lounge areas. DFS is part of LVMH’s selective retailing division, which — alongside Sephora — includes Le Bon Marché, La Grande Épicerie de Paris and 24S. The branch registered sales of 8.63 billion . Up until now, the lack of brand recognition also comes – in part – from the company’s ownership; in 1997 LVMH bought a majority stake from DFS’ founders Robert Miller and Charles Feeney .
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LVMH Moët Hennessy Louis Vuitton has reported a record year for revenues of €86.2bn in 2023, an organic growth of 13% compared with 2022.. Besides Wines & Spirits, the luxury goods group stated all business groups, including Selective Retailing which houses travel retailer DFS Group, reported strong organic revenue growth.. By region, Europe, Japan and . A spokesperson for DFS Group, the travel-retail arm of LVMH, which is running all the retail, told Forbes: “In one section of the store called House of Perfume, prices range from €3,000 to € .
LVMH also noted DFS plans for a “transformational” project in Yalong Bay, Sanya on Hainan island by 2026 and its landmark store openings at Chongqing Jiangbei International Airport last year. The results delivered strong revenue growth .
At LVMH, we have always been committed to supporting and empowering the next generations. With the goal of fueling the pipeline of the next generation of leaders of the Group and our Maisons, the LVMH graduate programs are designed specifically to serve as a launching pad for fresh graduates and professionals in the early stages of their careers. - LVMH Sales at LVMH’s selective retailing division, which includes Sephora and DFS, have been hit by global travel disruptions from the pandemic and were down by 32 percent in the first half of the . DFS Yalong Bay is the largest project ever conceived by DFS. It is to stretch over 1.38 million square feet and carry more than 1,000 luxury brands, including those from LVMH. The site will also .
LVMH and the DFS Group announce that the Board of Directors has elected Ed Brennan as Interim Chairman and Chief Executive Officer, effective November 1st, 2024. He succeeds Benjamin Vuchot who is .Leader mondial de la vente de produits de luxe aux voyageurs internationaux, DFS doit son leadership à l’excellence de son offre et de ses services - LVMH LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury group, posted revenue of €20.7bn in the first quarter of 2024.However, revenue declined 2%, indicating a softening of luxury spend. Despite that, the luxury .
RULING IN LVMH PURCHASE OF DFS MAY COME SOON. Byline: Vicki M. Young. NEW YORK — An arbitration decision in the dispute over the future ownership of the DFS chain of duty-free shops is expected . LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of €60.8 billion in the first nine months of 2024 - LVMH. . DFS saw business activity remain below its 2019 pre-Covid level, with marked differences in tourist traffic between its various destinations. LVMH’s travel retail arm DFS Group – part of its Selective Retailing Division – continued to be affected by the health situation in China. DFS’s flagship stores in Hong Kong and Macau particularly suffered as a result of the suspension of domestic travel and the complete absence of tourists last year, said the company. China only just . Recovery of Travel Retail: Duty Free Shoppers (DFS) became part of LVMH in 1997. DFS is recognized as a pioneer and the global leader in the sale of luxury products to international travelers. Its .
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DFS Group, the travel retail arm of luxury conglomerate LVMH, plans to build a major shopping and entertainment complex on China’s tax-free Hainan island in a bid to capture a growing tourism .
DFS posted good results, with the Galleria in Venice singled out for praise by LVMH bosses, who also cited the ongoing situation in Hong Kong as an issue for the H2 results. A report released with the results said: “In the second half of 2019, DFS faced a slowdown in tourism in Hong Kong, which is an important market.Today, with innovation as its founding principle, DFS is the world’s leading high-quality travel retailer. This status means it can launch trends and offer travelers more high-end products and exceptional services, such as beauty concierge, exclusive products and lounge areas. DFS’ own revenue remained below 2019 levels, according to LVMH’s figures. A report published with the results said: “The health crisis continued to weigh on the activities of DFS due to the persistent weakness in the numbers of travellers.” LVMH Moet Hennessy-Louis Vuitton, the French luxury goods conglomerate, has signed an agreement to buy a controlling interest in DFS Group Ltd., the lucrative empire of duty free shops, for .47 .
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