The Shanghai government will support companies applying for approval to sell duty-free goods, and encourage duty-free shops to be set up at airports, hotels, malls and other commercial venues, municipal authorities said.
The end of tax-free shopping for tourists in its current form is a step closer. The High Court has dismissed a claim that the government didn't consider the “devastating impact” of the rule change on retail and travel.
Swiss travel retail giant Dufry AG on Wednesday launched a restructuring programme designed to cut its staff costs as it works to protect its business following the effects of the coronavirus outbreak globally.
La Samaritaine, the greatest construction project of the world’s largest luxury construction company – encompassing a chic department store, hotel, office space and even public housing – is finally, almost, ready.
The accessory brand Da Milano is currently exploring a number of international markets including Nepal and the UK for possible expansion and its transit retail segment now accounts for 30 percent of overall revenue.