News Snapshot:
DFS Group acquires 22 p.c stake in Shenzhen Obligation Free Ecommerce Co 2020-08-13 05:00:00 THE WHAT? The DFS Group has acquired an 88 p.c stake in Shenzhen Obligation Free Ecommerce Co., which is majority-owned by Shenzhen Obligation Free Group, based on a report by WWD.com. THE DETAILS Having labored collectively since 2018, the LVMH-owned journey retail firm has beforehand provided Shenzhen’s merchandise and given recommendation on retailer upgrades. As a consequence of sharing a land border, the brand new deal will permit shoppers to preorder on-line previous to travelling to Hong Kong earlier than amassing them upon return to Shenzhen....
