LVMH sells greater China retail business of its DFS group to CTG
- Country:
- France
French luxury group LVMH , the world's biggest, said on Monday that it has agreed to sell its DFS travel retail business in Hong Kong and Macau, as well as its intangible assets in greater China to China Tourism Group Duty Free Corp (CTG), a Chinese travel retail operator.
The deal was valued at around $395 million.
(Reporting Louise Rasmussen, editing by Tomasz Janowski)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- China
- China Tourism Group Duty
- Chinese
- French
- Macau
- LVMH
- Louise Rasmussen
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