French luxury giant LVMH's tourism retailer DFS Group plans to build a large shopping and entertainment mall in Hainan Island, which enjoys tax -free shopping to seize the growing business opportunities of tourism.
Bloomberg reported that DFS said in the statement that the group's "investment force unprecedented" for the construction of the 128,000 square meters of the construction of an area of 128,000 square meters, saying that the project will open before 2026, includingMore than 1,000 luxury brands settled in.
According to the official website, this construction case will be the first physical store of DFS in mainland China. DFS currently has 12 stores in Hong Kong and Macau.Liu Xingshu, president of DFS China, said in a statement that this is one of the company's series of commitments to the Chinese market.
According to Bloomberg, this expansion plan highlights that global brands are increasingly recognized. Affected by the epidemic of crown diseases, Chinese wealthy consumers now tend to buy luxury goods and travel in China.Hainan Island has become a major domestic and luxurious tax -free shopping town in China. Even if it has canceled a rigorous zero policy in Beijing, it has become easier to travel in international travel, and the sales of Hainan Island will continue to fall.
