DFS Group completed the acquisition of a 22% stake in Shenzhen Duty Free Ecommerce.

DFS Group, a Hong Kong-based travel retailer of luxury products, completed the acquisition of a 22% stake in Shenzhen Duty Free Ecommerce, an operator of duty-free stores. Financial terms were not disclosed. “Our future is highly digital and very focused on China. Our customers associate shopping at DFS with a truly experiential level of luxury, and we are excited to mirror that experience for them digitally — pre-trip, in-market, in-store and once they return home. The opportunities are endless,” DFS spokesperson.