COVID-19: NEWS ROUND-UP Wuhan Wushang Group and Guangzhou Lingnan apply for DF licences
Two further companies, Wuhan Wushang Group Co and Guangzhou Lingnan Group Holding Co. Ltd, have submitted applications for duty free licences in China,
TRBusiness can confirm. The news comes after several companies
including state-owned enterprise Shanghai Bailian Group Co. Ltd confirmed its application on the Chinese stock exchange. As first reported by TRBusiness, Chinese
department store operator Wangfujing Group Co Ltd secured a duty free licence last month and subsequently created a new wholly-owned subsidiary duty free company. Abnormal fluctuations on the Shenzhen
stock exchange between 13 July and 15 July 2020 prompted the Wuhan Wushang Group Board of Directors to address speculation surrounding the duty free licence application among other issues. A statement from the company, which is listed as Ewushang A on the
LHR working closely with retail partners amid T2 and T5 store re-openings
London Heathrow Airport re-opened more than 50 stores and F&B outlets across Terminal 2 and 5, in July. Among these stores are a small number of
cafés and restaurants which can be enjoyed contact-free via contactless payment, the airport app and Heathrow Boutique reserve and collect shopping service. Takeaway food and drink can be ordered
on the app remotely, ready to pick up a short time later. Items from a selection of stores can also be reserved ahead of arriving at the airport, meaning travellers can shop their favourite brands from home. Gordon Ramsay’s Plane Food was
one such outlet to reopen in Terminal 5, becoming the first full-service restaurant at the airport to do so. As reported, the airport had already
reopened its main Terminal 2 World Duty Free store and Terminal 5 World Duty Free walkthrough outlet. The airport said: “After a challenging few
months, we’re excited to see our retailers begin to open their doors again. The safety of our passengers and colleagues remains our number one priority as we re-open. That’s why we’ve been working closely with our retail partners to implement new measures to ensure passengers feel safe, protected and confident to travel again.” [for more on Heathrow Airport, see p34].
4 TRBUSINESS TFWA AP Exhibition & Conference set to return in May 2021
Tax Free World Association (TFWA) will look to host the Asia Pacific Exhibition & Conference on 9-13 May 2021, TRBusiness is reliably informed. The decision to press ahead with the
provisional dates is understood to have been made following a discussion among management in July. In March, TFWA made the difficult –
but correct – decision to cancel this year’s Asia Pacific Exhibition & Conference in Singapore set for 10-14 May due to escalating health and safety concerns linked to the spread of coronavirus (Covid-19). The World Exhibition & Conference was cancelled in May. The last time the TFWA Asia Pacific
event was cancelled was in 2003 due to the Severe Acute Respiratory Syndrome (SARS) outbreak.
AUGUST 2020
Should next year’s Asia Pacific show materialise on the aforementioned dates, the event would begin eight days after China’s Labour Day holiday (1 May) and 81 days after the end of the Spring Festival/ Chinese New Year holidays (11-17 February). As reported, TFWA will host its ‘China
Reborn’ virtual event on 1-3 December, part of a series of online events scheduled for the second half of this year.
Shenzhen stock exchange, read: “The company has submitted an application for the qualification of duty free goods management to the relevant government department. The application is still in progress and there is uncertainty as to whether it will approved.” Founded in 1959, the company operates
shopping malls and supermarket chains and is the largest comprehensive commercial enterprise in Hubei Province, where the global coronavirus pandemic originated back in November 2019. It has been listed on the Shenzhen stock
exchange since 1992. Should the application be successful, it would be a welcome boost for the city of Wuhan (pictured below), which was the epicentre of the coronavirus pandemic and continuing to rebuild.
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