FRANCE. LVMH Beauty and Lotte Duty Free have struck an agreement to strengthen their strategic partnership across Asia Pacific, following a meeting at the TFWA World Exhibition in Cannes on 29 September.
LVMH Beauty Managing Director Asia Pacific Travel Retail Catherine Sauvage and Lotte Duty Free CEO Dongha Kim discussed the development of the companies’ long-standing relationship and exchanged views on the regional travel retail market.
Discussions centred on how the partners could build on their respective strengths. Both highlighted the importance of close coordination in responding to changing customer expectations and market conditions.
Looking ahead, both companies reaffirmed their commitment to long-term mutual growth. Their continued partnership and dialogue will serve as the foundation to capture shared opportunities and further develop their partnership across the region, the parties said. ✈
