Tag: cdfg

  • New CDFG flagship at Grand Lisboa Palace in Macau

    New CDFG flagship at Grand Lisboa Palace in Macau

    Sociedade de Jogos de Macau (SJM) and China Duty Free Group (CDFG) announced that they have entered into a binding Memorandum of Understanding to open a CDFG flagship store at Grand Lisboa Palace in Macau.

    Grand Lisboa is SJM’s future integrated resort on Cotai, Macau. It is expected to open in the second half of 2019.

    CDFG will be the anchor tenant, operating 7,500sq m in a prime first floor retail space at the Grand Lisboa Palace, marking the Chinese travel retail giant’s downtown debut in Macau.

    CDFG, established in 1984, is China’s leading duty free retailer, and is a subsidiary of the travel giant China National Travel Service Group Corporation Limited (CNTS).

    CDFG has over 200 stores across China, the most duty free outlets in a single country within the travel retail sector.

    CDFG’s Macau flagship store will be in Grand Lisboa Palace’s much-anticipated 53,000sq m retail mall themed “Fantasy Garden”, which will cover the first and second floors of the development.

    Building on CDFG’s long-term relationships with top-tier luxury brands, its Macau flagship store at Grand Lisboa Palace will carry a diverse mix of perfumes and cosmetics, watches and jewellery, apparels, shoes and accessories, travel-related products, and other categories.

    “Macau is an integral part of the Greater Bay Area, welcoming 32.61 million visitors in 2017, amongst which 90.3% were tourists from Greater China.” said Charles Chen, CDFG’s President.

  • CDFG opened 3000sqm Duty Free in Phnom Penh

    CDFG opened 3000sqm Duty Free in Phnom Penh

    Phnom Penh Duty Free is located inside the integrated entertainment destination of Naga City at Naga City Walk which connects Naga World to ‘Naga 2’. It offers approximately 4,000sq m of retail space with all the main DF&TR and luxury categories available: cosmetics, perfume, jewellery, sunglasses, watches, fashion, beverages, tobacco, travel goods and confectionery as well as “famous local products”.

    The end of September will see the arrival of a slew of further brands: Estée Lauder, Kiehl’s, La Mer, SK-II, Lancôme, MK, Rimowa, and Tumi.

    CDFG Phnom Penh beauty cambodia

    The beauty area in the new store.

    State-owned CDFG, which operates a brand company in Cambodia, comments: “We are the top luxury retail store in Phnom Penh providing a high-end shopping destination to tourists and business travellers. Customers can choose from more than 200 brands from around the world.”

    On opening, branded boutiques will include Longines, Tissot, Swarovski, Samsonite and Prada, with further boutiques from Armani, Coach and Furla to be unveiled at the end of this year.

    SILK ROAD TARGET

    The Phnom Penh development is part of an international expansion policy targeting the so-called ‘Silk Road Economic Belt’ to which CDFG parent, China Travel Group, is committed.

    Cambodia is a key market within the plan: CDFG has already opened its Angkor duty free store in December 2014 (where it competes with DFS), followed a year later by the Shihanoukville duty free store in December 2015. CDFG says it has “the full support at all levels of government in Cambodia”.

    CDFG – which claims to be China’s largest retailer of luxury merchandise – says that with its three stores in place it “will write a new chapter in the tourism industry in Cambodia”.

    To celebrate today’s soft opening, promotions are in place with a 15% discount on all shopping; a chance to experiencing the VIP shopping service; and a gift on purchases over $100. Scanning the company’s official WeChat account, or clicking ‘like’ on the company’s official Facebook, also qualifies for a surprise gift.