LVMH Group and the Miller family will participate in a capital increase of China Duty Free Group by subscribing to newly issued H shares in Hong Kong.

Hainan remains the operational core of China Duty Free Group (CDFG). Revenue from the Hainan region increased by 14.3% year-on-year to 39.65 billion RMB, contributing 58.7% to the company’s total revenue.

The cdf Sanya International Duty-Free City primarily focuses on high-end fragrances and beauty products, introducing a total of 132 fragrance brands.

As long-term strategic partners, China Duty Free Group and InterContinental Hotel Group are currently furthering their collaboration in the realm of hotel investment and development.