Finance
LVMH sells greater China retail business of its DFS group to CTG
Published by Global Banking and Finance Review
Posted on January 19, 2026
1 min readLast updated: January 19, 2026
Quick Summary
LVMH sells its DFS travel retail business in Hong Kong and Macau to CTG for $395 million, marking a strategic shift in Greater China.
LVMH sells greater China retail business of its DFS group to CTG
LVMH's Strategic Move in Greater China
PARIS, Jan 19 (Reuters) - 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.
Details of the Sale
The deal was valued at around $395 million.
Financial Implications
(Reporting Louise Rasmussen, editing by Tomasz Janowski)
Key Takeaways
- •LVMH sells DFS retail business in Hong Kong and Macau.
- •The sale includes intangible assets in Greater China.
- •CTG, a Chinese travel retail operator, is the buyer.
- •The deal is valued at approximately $395 million.
- •This move is part of LVMH's strategic adjustments.
Frequently Asked Questions about LVMH sells greater China retail business of its DFS group to CTG
1What is a retail business?
A retail business sells goods or services directly to consumers. Retailers can operate in physical stores or online, offering a variety of products to meet consumer needs.
2What is investment management?
Investment management is the professional management of various securities and assets to meet specified investment goals for the benefit of investors.
