LVMH’s Duty-Free Unit Bets on China Luxury Hub With Mega Mall

DFS Group, the travel retail arm of luxury conglomerate LVMH, plans to build a major shopping and entertainment complex on China’s tax-free Hainan island in a bid to capture a growing tourism market that’s shown resilience to slowdowns.

DFS is making “an unprecedented investment” in the 128,000-square meter project, which will open by 2026 and feature over 1,000 luxury brands including those from LVMH Moet Hennessy Louis Vuitton SE, the firm said in a statement. The complex, expected to pull in 16 million visitors a year by 2030, will also include accommodation, dining and entertainment, the company ...