Wednesday, 30 December 2020 23:57
LagardeÌre Travel Retail has partnered with Hainan Tourism Investment Development to become the latest retailer to open in Hainan.
LagardeÌre Travel Retail has partnered with Hainan Tourism Investment Development (HTID) to open the second large-scale downtown duty free store in Sanya, on the Chinese tropical island of Hainan today
(30 December).
The French travel retailer is joined on the island by The China National Service Corporation for Chinese Personnel Working Abroad,
which officially openedthe first phase of its new Sanya International Duty Free Plaza today
(30 December).
Speaking during the recent Tax Free World Association
China Reborn online event, Eudes Fabre, CEO North Asia, Lagardère Travel Retail, said the retailer had received tremendous feedback and support from brand partners, which helped complete the project in a record 120 days.
Suning to expand business in China s duty-free retail market - Xinhua
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Suning finalisiert Partnerschaftsabkommen mit staatseigener Hainan Tourism Investment Development für Zusammenarbeit im chinesischen Duty-Free Einzelhandel
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
SANYA, China, Dec. 28, 2020 /PRNewswire/ Suning Group (“Suning”), one of the leading commercial enterprises in China, Suning International, and Hainan Tourism Investment Development Co. Ltd. have signed a strategic partnership agreement on December 25th in Sanya, a resort city in south China’s Hainan province. Both parties will leverage their respective advantages to focus on logistics, commercial real estate, tourism retail and other fields to carry out all-round and multi-level cooperation, to integrate various industrial chains, and aid in the construction of Hainan Free Trade Port.
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COVID-19 has disrupted the tourism industry and struck the retail market. As outbound tourists have returned substantially, the demand for shopping duty-free goods overseas has shifted to China. Due to Hainan province’s amiable tropical climate, the Hainan Free Trade Port has become an even more popular vacation destination for Chinese travelers compared to the pre-epidemic pe