LOOKING TO PARIS?: DFS Group, the luxury and duty-free retailer majority-owned by LVMH Moët Hennessy Louis Vuitton, is making moves to reenter Europe, an industry source said. The Hong Kong-based retailer is planning to open at least one store in Paris. The source added that an intended effect of DFS’ return to Europe would be to ease the crowds of tourists who clog up LVMH-owned boutiques along the Champs-Elysées by diverting them to a DFS store. DFS has several boutiques outside airports, but it has historically catered to travelers looking to make tax-free purchases.
It could not be learned what brands would be carried in the planned Paris boutique. Although DFS operates as an LVMH subsidiary, its stores also sell products from non-LVMH brands. DFS has no retail presence in Europe but has more than 200 stores in airports and 15 “downtown gallerias” across the world, mostly in the Asia-Pacific. A DFS spokeswoman confirmed the company was considering Paris as a possible location for expansion, but said there were no definite plans at the moment.
This story first appeared in the August 22, 2012 issue of WWD. Subscribe Today.