CHINA. China Duty Free Group (CDFG) has won a further bid to operate a pre-departures downtown duty-free store in the Mainland, this time in Fuzhou, Fujian province.
As reported earlier today, CDFG also bid successfully for three city duty-free shop projects in Shenzhen, Guangzhou and Xi’an.
The contract is one of several offered under the government’s key extension to the Chinese travel retail ecosystem announced in August and implemented progressively over a three-month period from 1 October.
CDFG said: “Fuzhou, as an important city on the southeast coast, was one of the first coastal cities in the country to open to the outside world. It is a demonstration zone for marine economic development and a gateway to the Maritime Silk Road. It is also the closest Mainland capital city to Taiwan.”
CDFG has chosen the central location of Hengli City in Gulou District, Fuzhou as the store location.
CDFG will join hands with Fujian Tourism Development Group and Xiamen Xiangye Group to establish a joint venture to operate the store.
Fujian Tourism Development Group is a state-owned tourism enterprise group created by the Fujian Provincial Party Committee and the Provincial Government charged with the transformation and upgrading of Fujian tourism.
Xiangye Group is a large-scale, cross-regional and diversified state-owned enterprise group, particularly focused on the airport industry; logistics and supply chain; tourism-related hotels; and port economic zone development, operation and management.
CDFG said it will leverage its strengths; integrate the unique resources of the various shareholders; and create a new retail model that combines tax-paid and duty-free shopping, imported + domestic goods, and offline to online retail to promote the high-quality development of Fuzhou’s and Fujian Province’s duty-free industry.
CDFG said the winning bid will also deepen the strategic cooperation between its parent company, China Tourism Group, and Fujian Province.
Further results of downtown duty-free bids will be announced in due course.
*As reported, the nationwide network of stores embraces six existing downtown stores run by China Duty Free Group and the transformation to the new model of CNSC (12) and China Travel Service (Hong Kong) Asset Management Co stores. In addition to Wuhan (Wangfujing), Fuzhou, Guangzhou, Shenzhen and Xi’an (all CDF), new downtown duty-free stores are being opened in Changsha, Chengdu and Tianjin. ✈
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