The Moodie Report China Newsroom
China Tourism Group Duty Free powers ahead as net profits rise +24.07%
2023 revenue at the parent company of the world’s number one travel retailer rose +24.1% year-on-year to CNY67,540 million (US$9.3 billion), while net profit increased +24.07% to CNY6,790 million (US$939.4 million)
The move ends the restrictive import tariffs imposed more than three years ago. Before that, China was Australia’s largest wine export market.
2023 revenue at the parent company of the world’s number one travel retailer rose +24.1% year-on-year to CNY67,540 million (US$9.3 billion), while net profit increased +24.07% to CNY6,790 million (US$939.4 million)
The strategic alliance will see Collinson and Joyful Journey Group combine their strengths and expertise to provide their clients, partners and direct customers with enhanced travel experiences.
Airport Authority Hong Kong is seeking bids from licensed banks and describes the concession as an “extraordinary business opportunity”.
The store offers the Roman luxury house’s complete fragrance portfolio alongside interactive displays and experiences including an AI-generated experience showcasing the Allegra line.
We feature highlights from this week’s Moodie Davitt Report WeChat Official Account, with our follower base at 5,222.
The Moodie Davitt Report today announces the launch of Moodie Davitt STUDIO, a new film division dedicated to high-quality storytelling of the people, brands, retailers and locations that make up the global travel retail and airport commercial revenue sectors.
The two Italian luxury houses are showcasing their couture-inspired spring lines at the DFS Chongqing Jiangbei International Airport Boutiques in the domestic Terminal 3A.
ELC Global President Travel Retail Israel Assa talks about the US beauty giant’s partnership with CDFG and how its latest store openings in the Global Beauty Plaza represents the next stage of their collaboration.
We feature highlights from this week’s Moodie Davitt Report WeChat Official Account, with our follower base climbing steadily to 5,222.
Our China Chief Representative features in our regular column focused on members of The Moodie Davitt Report team and what makes them tick.
The Moodie Davitt Report is pleased to publish the Jessica’s Secret Index for January covering wines & spirits, fragrances, makeup, skincare, confectionery, bags, watches and jewellery.