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This key story will be featured on The Moodie Davitt Report’s new WeChat Official Account in the coming days. Please scan the QR code to follow us. CHINA. Driven by the surging offshore duty free business in Hainan, China Duty Free Group (CDFG) became the world’s largest travel retailer measured by turnover in 2020, according to data compiled by The Moodie Davitt Report. China Tourism Group Duty Free Corp, parent of CDFG, revealed recently that revenues climbed by +8.1% year-on-year to RMB52.6 billion (€6,603 million at 31 December 2020 exchange rates). After a difficult first three months of 2020, the...
