World number one travel retailer China Duty Free Group (CDFG) was this week awarded the duty-free retail contract at Chengdu Shuangliu International Airport in Sichuan province after an open tender.
As a result, CDFG and Sichuan Airport Group plan to leverage their respective strengths to create a joint venture company to operate the airport’s arrivals and departures duty-free stores. The two companies pledged to develop a world-renowned, first-tier airport flagship duty-free offering.
The announcement is a timely fillip to CDFG’s parent company China Tourism Group, which begins trading on The Stock Exchange of Hong Kong on 25 August after a successful Global Offering secondary listing. The group already trades on the Shanghai Stock Exchange.
CDFG said that it will develop an offer tailored to the local characteristics of Chengdu in keeping with the profile and needs of international travelers at both airports. It plans to support the coordinated development of Chengdu’s ‘Shuangliu + Tianfu’ strategy.
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