LVMH reaches agreement to sell DFS travel retail assets in Hong Kong and Macau to China Tourism Group

LVMH agreed to sell its DFS travel retail business in Hong Kong and Macau to CTG for $395 million. The deal includes intangible assets in greater China.

洞察:
LVMH Moët Hennessy Louis Vuitton SE , the world's biggest luxury group based in France FRFR, announced on Monday, January 19, 2026, that it has reached an agreement to sell its DFS travel retail business in Hong Kong HKHKand Macau MOMOto China Tourism Group Duty Free Corporation Limited . The transaction, which includes the sale of intangible assets across greater China CNCN, is valued at approximately $395 million.
The logo of LVMH is seen during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier
The logo of LVMH is seen during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier
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