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China Tourism Group Acquires DFS Retail Businesses in Asia

1/20/2026

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Summary

Story summary

China Tourism Group Duty-Free has agreed to acquire DFS's travel retail businesses in Hong Kong and Macau, plus intangible assets in Greater China, in a cash deal announced January 19.
The City of Dreams location is excluded from the transaction.
The deal will be settled in cash and is expected to close in about two months, pending standard conditions.

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Story summary

China Tourism Group Duty-Free has agreed to acquire DFS's travel retail businesses in Hong Kong and Macau, plus intangible assets in Greater China, in a cash deal announced January 19.
The City of Dreams location is excluded from the transaction.
The deal will be settled in cash and is expected to close in about two months, pending standard conditions.