TOP 10 OPERATORS 4: CHINA DUTY FREE GROUP
year [writing 2 September]. The 10-year agreement covers
liquor, tobacco & food, as well as fashion & beauty operations. In a statement obtained by
TRBusiness, Chen thanked Capital International Airport Group, for its trust and recognition in CDFG’s winning bid. “Daxing International Airport
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is the new capital of Beijing,” he said. “Positioned as a large international aviation hub, it is a new source of power for the country’s development. “It
is a comprehensive
transportation hub for the Beijing- Tianjin-Hebei region that supports the construction of the Xiong’an New District.” Chen continued by paying
gratitude to supportive domestic and foreign brands ‘who have been paying attention to the development of China’s tax free industry’. The new airport is expected to
handle 45m passengers in 2021 and 72m by 2025. CDFG’s Daxing business helps it to further entrench its position in China’s burgeoning duty free and tax free market.
Is China opening up? As mentioned, CDFG now boasts airport duty free contracts at Beijing Capital International Terminals 2 and 3; Shanghai Pudong and Hongqiao (CDFG/Sunrise Duty Free); Guangzhou Baiyun Terminals 1 and 2; Macau; and Hong Kong International Airport (CDF-Lagardère) among others. TRBusiness was given some
additional insight on the Chinese airport duty free business in an interview with former, Deputy General Manager for Hangzhou International Airport, David Jea (see full interview on page 81). Keen to learn whether it is likely
China Duty Free Group store at Hangzhou International Airport.
that the Chinese Government will ever permit foreign companies to bid for duty free contracts in China, Jea revealed that it had been considered. “They’ve been talking about it for
the last three or four years,” said Jea. “There is reason to believe that changes are coming.” This would go some way to
explaining CDFG’s acquisition drive in China – most recently of Sunrise Duty Free in 2017 – providing them with a huge advantage over any foreign competition should the market open up. At the moment, numerous
operators who might be interested in this sort of opportunity have expressed their doubts that this will ever happen, in exchanges with TRBusiness. However, Jea told this publication that increasing CDFG’s competition would not be such a bad thing. “We are in favour of promoting
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healthy competition…In Korea, for example, I hear that Incheon Airport encourages foreign companies to bid and I believe that can only be a good thing.” Of course, CDFG is not only
of Liaoning Province, Dalian remains an important coastal hub for tourism and trade. The upgrade of the store extends
the current duty free footprint at the port, ‘easing the comfort and convenience for overseas tourists visiting Dalian’, said CDFG.
For more information contact:
Janice@trbusiness.com
“Daxing International Airport is the new capital of Beijing…Positioned as a large international aviation hub, it is a new source of power for the country’s development.”
Charles Chen, CDFG President and Hu Zhihong, Shanghai International Airport Co General Manager pictured after signing the contract for the duty free operations at Shanghai Pudong and Hongqiao Airports in 2018.
OCTOBER 2019
Charles Chen, President, CDFG
TOP 10 OPERATORS 35
expanding its presence at the airports in China. In March, the company announced that it would be opening new downtown stores in Beijing, Macau, Shanghai, Dalian, Qingdao and Xiamen. TRBusiness later found out that it would be adding Hong Kong to this list.
SUBSCRIBER ONLY CONTENT
Downtown in Dalian To start with, at the end of May this year, China Duty Free Group (CDFG) re-opened its downtown duty free shop in China’s international port city of Dalian. Located adjacent to the landmark
Established 1998
Xinghai Square, the 500sq m shop features a wide assortment of perfumes & cosmetics, watches, jewellery, fashion and small household appliances. Situated on the peninsular south
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