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DFS and China Tourism Group Duty Free Announce Agreement for Sale and Purchase of DFS’ Greater China Retail Business

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2 months ago

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  • China Tourism Group Duty Free (“CTG Duty-Free”) to acquire DFS’ stores in Hong Kong and Macau and intangible assets in Greater China
  • CTG Duty-Free and LVMH to develop further collaborations
  • LVMH and the Miller Family to subscribe to CTG Duty-Free’s H-shares

HONG KONG SAR – Media OutReach Newswire – 20 January 2026 – DFS, a global leader in luxury travel retail owned by LVMH and DFS’ co-founder and shareholder Robert Miller, and CTG Duty-Free, a prominent travel retail operator headquartered in Beijing, today announced a definitive agreement for CTG Duty-Free to acquire DFS’ travel retail business in Hong Kong and Macau and intangible assets in Greater China.

Through this transaction, CTG Duty-Free will acquire the DFS retail stores in Hong Kong and Macau1 as well as intangible assets encompassing a series of DFS brands and intellectual properties for exclusive use in Greater China. CTG Duty-Free will conduct the acquisition through its wholly owned subsidiary, China Duty Free International Limited. The proceeds of this transaction will be paid in cash. Following this transaction, DFS will continue to operate its other luxury travel retail operations worldwide.

In a complementary move, LVMH and the Miller Family will participate in a capital increase of CTG Duty-Free by subscribing to newly issued H-shares listed in Hong Kong. The subscription amount represents a small part of their proceeds, and the subscription will be made upon completion of the transaction.

CTG Duty-Free and LVMH also entered into a memorandum of understanding pursuant to which both parties aim to set up a strategic cooperation notably in the retail sector where the strategies of both parties are aligned and in line with the current business model of the LVMH Maisons. This cooperation will offer CTG Duty-Free and LVMH opportunities to leverage their respective strengths and forge further collaborations in Greater China to achieve mutual benefits, e.g. in the areas of product sales, store establishment, brand promotion, cultural communication, travel services or customer experience.

Luke Chang, Executive Director and President of CTG Duty-Free, commented: “This move will further expand CTG Duty-Free’s service network across the Greater Bay Area, aiming to build a platform for promoting China-chic brands globally and establish an international business mid-platform. CTG Duty-Free remains committed to providing high-quality travel retail experiences to both domestic and international tourists, fulfilling its responsibility as a central state-owned enterprise-controlled listed company to support the high-quality development of the retail economy in Hong Kong and Macau. Executed under the leadership of its parent company, China Tourism Group, this represents a significant step in accelerating CTG Duty-Free’s international business layout and actively implementing the Greater Bay Area Strategy and the “China-chic Brands Going Global” Strategy.”

Ed Brennan, Chairman and CEO of DFS, commented: “The sale of our Hong Kong and Macau stores marks an important step for DFS. DFS’ well-established presence and operational excellence in Hong Kong and Macau is an achievement we take great pride in. The DFS shopping experience will be carried forward and enhanced by the new skills and perspectives that CTG Duty-Free will bring. We are proud of our journey in this region and grateful to everyone who has been a part of it.”

Michael Schriver, President of LVMH for North Asia commented: “For decades, DFS has played a pivotal role in shaping Hong Kong and Macau into premier destinations for travel retail. As we look to the future, we consider China Tourism Group Duty Free to be the ideal partner to operate the DFS business in Hong Kong and Macau and to lead it into its next chapter, thanks to their expertise and proven track record in travel retail. This whole operation underscores our confidence in the long-term potential of the Chinese market.”

The completion of this transaction remains subject to customary closing conditions and is expected to close in around two months.

China Galaxy International acts as the sole financial advisor to CTG Duty-Free for this transaction, King & Wood Mallesons acts as the legal advisor to CTG Duty-Free, and Freshfields acts as the legal advisor to DFS and LVMH.

China Tourism Group Duty Free Corporation Limited (601888.SH, 1880.HK)

China Tourism Group Duty Free Corporation Limited (“CTG Duty-Free”) is a large listed company controlled by China Tourism Group. Its business includes duty-free retail, tax-paid retail, and the development of travel retail complexes. The company operates nearly 200 duty-free stores across more than 100 cities worldwide. CTG Duty-Free is the global duty-free operator with the most comprehensive range of store types and the largest number of retail outlets in any single country, with sales volume ranking among the world’s highest.

DFS: Your Personal Guide to The World of Luxury

DFS Group is the leading luxury travel retailer. Established in 1960, DFS Group continues to be a pioneer in global luxury travel retail, offering its customers a carefully curated selection of exceptional products from the most desired brands. Its stores are present in major global airports and downtown locations. DFS Group is privately held, and majority owned by the world’s largest luxury conglomerate, LVMH, alongside DFS co-founder and shareholder Robert Miller.

LVMH Moët Hennessy Louis Vuitton SE (MC.PA)

LVMH Moët Hennessy Louis Vuitton (“LVMH”) is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Bodega Numanthia, Ao Yun, Château d’Esclans, Château Galoupet, Joseph Phelps and Château Minuty. Its Fashion and Leather Goods division includes Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Loro Piana, RIMOWA, Patou, Barton Perreira and Vuarnet. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe, Benefit Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Fenty Beauty by Rihanna, Maison Francis Kurkdjian and Officine Universelle Buly. LVMH’s Watches and Jewelry division comprises Bulgari, TAG Heuer, Tiffany & Co, Chaumet, Zenith, Fred, Hublot and l’Epée. LVMH is also active in Selective Retailing as well as in other activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Groupe Les Echos-Le Parisien, Paris Match, Cova, Le Jardin d’Acclimatation, Royal Van Lent, Belmond and Cheval Blanc hotels.

LVMH Contacts:

  • Media: Jean-Charles Tréhan, pr***@**mh.com, + 33 1 44 13 26 20
  • Analysts and investors: Rodolphe Ozun, + 33 1 44 13 27 21

CTG Duty-Free Contacts:

DFS group Contact:

  • Velda Steel – ve*********@*fs.com

1 Excluding the City of Dreams store in Macau

Hashtag: #DFS

The issuer is solely responsible for the content of this announcement.

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CGTN: How China builds consensus, boosts development through consultative democracy

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12 hours ago

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07/03/2026

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BEIJING, CHINA – Media OutReach Newswire – 7 March 2026 – CGTN published an article on the opening meeting of the fourth session of the 14th CPPCC National Committee. Reviewing the work of the CPPCC National Committee in 2025 in areas like its consultative and deliberative work and assisting in the formulation of the 15th Five-Year Plan, the article highlights the CPPCC’s role as a dedicated consultative body through which people’s democracy is practiced.

Committed to addressing the difficulties regarding people’s livelihood through the rule of law, Pi Jianlong, a lawyer and a national political advisor, has spent years going deep into factories, workshops, law firms and juvenile probation and rehabilitation centers, making sure that his proposals, grounded in rigorous field research, are precise, practical and responsive to real needs.

Noting the predicament faced by food delivery riders, including the lack of contracts, social security and basic protection, he proposed targeted suggestions such as innovating social security models and strengthening platform responsibilities. In 2025, platforms such as JD.com and Meituan successively introduced social security plans, providing full social insurance coverage for full-time riders and accident and medical insurance for part-time riders.

Awarded for his outstanding performance in 2025 by the Chinese People’s Political Consultative Conference (CPPCC) National Committee recently, Pi exemplifies the commitment of thousands of CPPCC members to serving the people through high-quality duty fulfillment, underscoring the CPPCC’s role as a major vehicle through which people’s democracy is practiced.

On Wednesday afternoon, China’s top political advisory body, the CPPCC National Committee, kicked off its annual session in Beijing. Chinese President Xi Jinping, together with other leaders, attended the opening meeting of the fourth session of the 14th CPPCC National Committee.

99.9% proposals handled

Acting as a dedicated consultative body, the CPPCC has pooled extensive consensus and strength to support the successful conclusion of the 14th Five-Year Plan and a solid start to the 15th Five-Year Plan over the past year, injecting strong vitality into the practice of whole-process people’s democracy – a key concept put forward by Xi himself to advance China’s political landscape.

Over the years, China has made all-around progress in improving the institutions, standards and procedures of socialist democracy and advanced socialist consultative democracy by way of extensive participation.

According to a work report delivered at the opening meeting, in 2025, the CPPCC National Committee received 5,992 proposals from its members, of which 5,061 were accepted for processing. The response rate for the accepted proposals stood at 99.9%.

The CPPCC National Committee members carried out 6,778 activities to serve the people, along with 11,115 outreach activities engaging people from relevant sectors. These efforts benefited more than 4 million people.

By innovating consultative and deliberative methods, improving consultative democracy institutions, and fostering a culture of consultation, the CPPCC has further strengthened its role in promoting democracy and offering policy advice while building consensus.

Over the past year, the CPPCC National Committee held 98 consultative and deliberative events, ranging from promoting the country’s green and low-carbon transition for the 15th Five-Year Plan and developing the silver economy to improving and innovating social governance. These efforts demonstrate that consultative democracy is grounded in reality and responsive to public needs, pooling support, consensus, wisdom and strength to advance Chinese modernization.

Securing a strong start to the 15th Five-Year Plan

Supporting the formulation of the 15th Five-Year Plan serves as a key task of the CPPCC in 2025, representing a vivid practice of whole-process people’s democracy.

From May 20 to June 20 last year, China launched an online public consultation to gather opinions for its next five-year plan. The initiative drew over 3.11 million valid submissions, yielding more than 1,500 constructive suggestions across 27 topics.

A summary of these findings was submitted to the Party leadership, ensuring that the people’s voices were heard at the highest level. By September, a total of 2,112 suggestions had been collected from various regions, departments and sectors, resulting in 218 revisions to the document.

To contribute to the 15th Five-Year Plan, the CPPCC, over the past year, held a special standing committee meeting and carried out 54 special studies, yielding a series of high-quality outcomes. Meanwhile, it launched a special research column, publishing 55 issues to provide evidence-based references for policy-making.

This broad-based participation highlights that national development strategies are rooted in public will, gathering strong momentum for Chinese modernization.

According to the work report, in 2026, the CPPCC will conduct in-depth research and thorough consultations on major tasks and strategic measures of the 15th Five-Year Plan and carry out cross-committee, cross-sector and cross-disciplinary studies, aiming to put forward forward-looking, targeted and operable policy suggestions, according to the report.

Focusing on key issues in areas such as economic development, technological innovation, reform and opening up, social development, and people’s livelihood, the CPPCC will truthfully reflect public opinions based on facts and implement the CPPCC National Committee’s democratic oversight work plan during the 15th Five-Year Plan period.

For more information, please click:
https://news.cgtn.com/news/2026-03-04/How-China-builds-consensus-boosts-growth-via-consultative-democracy-1LeSOfZLbk4/p.html

Hashtag: #CGTN

The issuer is solely responsible for the content of this announcement.

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Kiztopia celebrates grand opening of its newest family edutainment centre at Toppen Shopping Mall, Johor Bahru

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13 hours ago

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07/03/2026

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Kiztopia brings its award-winning “Play to Learn, Learn through Play” concept to Southern Malaysia, marking its 3rd outlet in Malaysia and 22nd across APAC

JOHOR BAHRU, MALAYSIA – Media OutReach Newswire – 7 March 2026 – Kiztopia, Singapore’s leading family edutainment brand, officially celebrated the grand opening of its newest outlet at Toppen Shopping Centre, Johor Bahru on February 26, 2026. This milestone marks Kiztopia’s third outlet in Malaysia since 2024 and its 22nd family edutainment centre across the Asia-Pacific region.

From left: Ms. Li San, Operations Manager of Kiztopia Malaysia; Ms. Heidi Tian, CEO and Founder of Kiztopia; Mr. Sergey Aristarkhov, Centre Manager of Toppen Mall; Ms. Su Wei, General Manager of Kiztopia Malaysia; and Mr. Nicholas Yong, COO of Kiztopia, commemorated the official ribbon-cutting ceremony at the new outlet.

Founded in Singapore in 2019 with its flagship outlet at Marina Square, Kiztopia was awarded “Best Attraction Experience” at the Singapore Tourism Awards in 2021. Today, the brand operates across Singapore, Hong Kong, Thailand, Indonesia and Malaysia, with sub-brands including Kiztopia Club, Bouncetopia, SkyPark, Kiztopia Prestige, and Xventure — a sports and adventure concept designed for teens, adults and thrill-seekers.

The Johor Bahru outlet represents Kiztopia’s continued commitment to expanding its footprint in Malaysia, bringing innovative and immersive family experiences to the southern region.

Speaking at the grand opening ceremony, Ms. Heidi Tian, Founder and CEO of Kiztopia, said:
“A very warm welcome to our grand opening ceremony at Toppen Shopping Centre today. This marks our third outlet opened in Malaysia since 2024 and our 22nd outlet in the APAC region. We are honoured to collaborate with Ikano Group and delighted to bring memorable experiences and timeless fun to all families in Johor and across Malaysia.

We are fully committed to Malaysia’s market development and hope to bring more innovative and creative concepts and experiences to Malaysian families.”

Ms. Su Wei, General Manager of Kiztopia Malaysia, added:
“This expansion reflects how much we value families in the South. Beyond the play zones, our team is here to create lasting memories — and we can’t wait to see the smiles begin at Toppen.”

Mr. Sergey Aristarkhov, Centre Manager of Toppen Mall, shared: “Toppen is not just a shopping mall; it is a place that creates meaningful experiences for families and children. This is what we believe in. We are proud to welcome Kiztopia as part of our experiential offerings, strengthening Toppen’s position as a destination for family bonding and interactive play.”

Photo 2

A world of imaginative play and active learning

Kiztopia is built around its core philosophy of “Play to Learn, Learn through Play.” The Johor Bahru outlet features vibrant thematic play zones inspired by Kiztopia’s eight unique IP-registered characters, each designed to stimulate creativity, physical activity, and social development.

Children can explore large-scale interactive playground structures, role-play zones that spark imagination, obstacle courses that encourage physical agility, and immersive activity areas that nurture teamwork and problem-solving skills.

Designed as a safe, engaging and enriching environment, the centre allows children to build confidence while strengthening family bonds through shared experiences.

Beyond daily play sessions, Kiztopia also offers curated birthday party packages and school visit programmes, providing customised, guided experiences that combine fun, education and memorable celebrations for children of all ages.

Photo 3

Strengthening Malaysia’s family entertainment landscape

The launch at Toppen Shopping Centre reinforces Kiztopia’s long-term commitment to Malaysia as a key growth market in Southeast Asia. By collaborating with Ikano Group and Toppen Mall, Kiztopia aims to deliver not just entertainment, but holistic family experiences that blend education, physical play and emotional connection.

With Malaysia’s growing demand for premium indoor family attractions, Kiztopia continues to innovate with new concepts, seasonal events and cross-brand experiences such as Jumptopia™ and Splashtopia — signature inflatable event experiences that have delighted families across the region.

Visit Kiztopia at Toppen Shopping Centre

Families in Johor Bahru and surrounding areas are invited to experience Kiztopia’s newest outlet at Toppen Shopping Centre and discover a dynamic space where imagination, learning and fun come together.

For more information, please visit:

Website: https://kiztopia.com.my/
Facebook: https://www.facebook.com/kiztopiamy
Instagram: https://www.instagram.com/kiztopiamy
Media Assets: https://drive.google.com/drive/folders/1cA9ojcjEx2vOqVwoccUblUwR1UDLX4Y6?usp=sharing
Marketing: Rachel – 014-7196961
Hashtag: #KiztopiaToppen #Edutainment #ToppenShoppingMallJB #JohorBahru



The issuer is solely responsible for the content of this announcement.

Kiztopia

Founded in 2019 with its flagship outlet at Marina Square, Kiztopia is Singapore’s leading family edutainment brand, awarded “Best Attraction Experience” at the Singapore Tourism Awards in 2021. Featuring eight unique IP-registered characters, Kiztopia offers a range of programs and activities where children can “Play to Learn, Learn through Play.” Today, Kiztopia operates 22 family edutainment centres (FECs) across Asia, including Singapore, Hong Kong, Thailand, Indonesia, Malaysia, and Taiwan, with sub-brands such as Kiztopia Club, Bouncetopia, SkyPark, Kiztopia Prestige, and Xventure, a sports and adventure concept for teens, adults, and thrill-seekers. In 2024, Kiztopia secured its first round of private equity funding to support regional growth and expansion. Beyond its FECs, our signature bouncy castle event, Jumptopia™ and Splashtopia, has delighted families across the region, alongside co-organized events like the Children’s Festival and TriFactor Kids Run, family staycation collaborations, and a kids’ travel product line with American Tourister. For more information, visit .

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From Wardrobe Staple to 10-Year Icon: XIXILI’s Seamless Panties Get a Colour Update

Published

1 day ago

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07/03/2026

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SINGAPORE – Media OutReach Newswire – 7 March 2026 – Ten years on, XIXILI’s bestselling seamless panties remain a wardrobe essential for women who value simple, reliable comfort. The intimates brand, celebrated for thoughtful design and everyday ease, now introduces fresh new colours to the beloved range. Designed for invisible wear and lasting comfort, this signature style continues to earn the loyalty of those who prefer reliability over passing trends.

The Secret to a Decade of Loyalty

A decade of consistent customer trust speaks for itself. XIXILI’s seamless panties have earned a loyal following of women who return to the same style, year after year.

Whether it’s a breathable cotton panty for everyday basics or a sleek seamless style for fitted outfits, comfort remains the priority. The appeal comes down to the essentials: no visible panty lines, no adjusting throughout the day, and lightweight comfort that holds up from morning to night. For women juggling busy schedules, that kind of reliability makes all the difference.

“Our customers tell us these are the panties they don’t have to think about,” says Tara Tan, spokesperson for XIXILI. “They just work. That’s why women keep coming back.”

Designed for Every Body, Built to Last

The Full Coverage Mid-Rise Knitted Boyleg Panty delivers moderate coverage with a relaxed fit, suited for those who want fuss-free comfort. The High-Waist Knitted Boyleg Panty sits higher on the waist with gentle tummy smoothing, a go-to for wearing beneath tailored pieces and fitted silhouettes.

The Lightweight Seamless Microfiber Panty remains the star of the range. Its soft microfiber construction sits flat against the skin, creating an invisible finish under any outfit. A bestseller for ten consecutive years, this fan-favourite now comes in new colours, giving loyal fans a reason to refresh their collection.

The Foundation of Every Outfit

What sits beneath an outfit often sets the tone for the entire day. It’s the layer no one sees but everyone feels, allowing women to move through their routines with confidence, whether at work, running errands, or out with friends.

XIXILI’s decade-long bestseller continues to deliver on that promise. With new colours now available, updating the essentials is as effortless as the panties themselves.

To discover the full panties collection, visit XIXILI’s website to shop online with delivery to Singapore, or find your nearest XIXILI boutique across Malaysia.

Hashtag: #XIXILI #SGLingerie





The issuer is solely responsible for the content of this announcement.

About XIXILI

A proudly Malaysian brand, XIXILI offers fashion lingerie and shapewear that combines elegance with all-day comfort. With one of the most inclusive sizing ranges between A to I cups and 65 to 110cm band sizes, XIXILI designs for every body type. The brand is known for its expert fitters, premium materials, and dedication to helping women feel confident and supported.

XIXILI is also the first Malaysian lingerie brand to launch a 3D Avatar Try-On Tool, enabling women to virtually try on lingerie tailored to their unique body type and measurements. From everyday basics to occasion-ready pieces, XIXILI celebrates the beauty of real bodies, every day.

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