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The companies announced the agreement in a joint statement on Monday. DFS Group—majority-owned by French multinational luxury conglomerate LVMH Moët Hennessy Louis Vuitton, alongside DFS co-founder Robert Miller—will retain control of its global operations outside of the two Chinese SARs, the statement stressed.
This deal will more than triple CTG Duty Free’s store count in Macau, increasing its presence from three outlets to ten.
Read more in Macau News Agency
