Chanel’s first store in a domestic airport terminal in China. Lagardère Travel RetailSignaling the relative buoyancy of the Chinese travel retail market, Lagardère Travel Retail has opened eight fashion and beauty boutiques in the busy Chinese airports of Shanghai Hongqiao and Shenzhen. Lagardère Travel RetailHaving entered the Chinese travel market in 2007, Lagardère Travel Retail’s experience—now extending to more than 400 stores in 26 airports—has given the company the trust of luxury players looking to target local traveling consumers. Lagardère Travel Retail—one of two divisions within France’s Lagardère Group—recently divided up the Asia-Pacific region with the appointment of two chief operating officers. The sales are generated from 4,800 stores across three retail segments: travel essentials; duty-free and fashion; and foodservice in 39 countries and territories.

Source: Forbes November 01, 2020 22:57 UTC