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Page 3 - ஹைனன் சுற்றுலா முதலீடு வளர்ச்சி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lagardère to complement & not compete in Sanya | Travel Retail Business

Eudes Fabre, Chief Executive Officer for North Asia at Lagardère Travel Retail. Lagardère Travel Retail has vowed to complement rather than compete following the opening of its new 30,000sq m downtown duty free store in Sanya, Hainan Island. The complex opened in partnership with Chinese state-owned enterprise Hainan Tourism Investment Development on 30 December 2020. The impressive new facility joins a number of new stores opened on the tropical island towards the end of last year. These include the new Sanya International Duty Free Plaza in Hainan Island operated by the China National Service Corporation for Chinese Personnel Working Abroad and a China Duty Free Group (CDFG) store at Sanya Phoenix International Airport Terminal 1.

Lagardère opens new 30,000sq m Hainan duty free store in record time

Wednesday, 30 December 2020 23:57 Lagardère Travel Retail has partnered with Hainan Tourism Investment Development to become the latest retailer to open in Hainan. Lagardère 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 Inks Partnership Agreement with State-owned Hainan Tourism Investment Development to Expand Cooperation in China s Duty-Free Retail Market

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. ADVERTISEMENT 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

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