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China Tourism Group Duty Free Corporation Limited Class H ( (HK:1880) ) has issued an announcement.
China Tourism Group Duty Free Corporation Limited has agreed, via its indirect wholly owned subsidiary China Duty Free International Limited, to acquire DFS’ Greater China retail business through a combination of share and asset purchases from DFS entities ultimately owned by LVMH and the Miller family. In parallel, LVMH’s Delphine SAS and Shoppers Holdings HK Limited, linked to the Miller family, will subscribe for new H shares in the company upon completion of the acquisition, and China Tourism Group Duty Free has also signed a memorandum of understanding with LVMH to pursue broader strategic cooperation in areas such as product sales, store development, brand promotion and customer experience in Greater China. The transaction, classified as a disclosable transaction under Hong Kong Listing Rules, is expected to deepen the company’s presence in Greater China travel retail, strengthen ties with global luxury powerhouse LVMH, and potentially enhance its competitive positioning and growth prospects in the regional luxury and tourism retail market.
The most recent analyst rating on (HK:1880) stock is a Hold with a HK$88.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
More about China Tourism Group Duty Free Corporation Limited Class H
China Tourism Group Duty Free Corporation Limited is a leading Chinese duty-free retailer operating in the travel retail sector, focusing on the sale of duty-free and tax-paid goods to travelers in Greater China and beyond. Through its subsidiaries, it runs a network of duty-free stores and related travel retail businesses, positioning itself as a key player in the region’s tourism and luxury goods distribution market.
Average Trading Volume: 5,065,677
Technical Sentiment Signal: Buy
Current Market Cap: HK$193.2B
Find detailed analytics on 1880 stock on TipRanks’ Stock Analysis page.