LVMH’S DFS DIVISION AWARDED CONCESSION
PARIS — LVMH Moet Hennessy Louis Vuitton said Thursday it has been awarded a new concession for its DFS division in the La Tontouta International Airport in the South Pacific island nation of New Caledonia.
The concession on the French-speaking popular vacation spot will begin on May 1 and will last for seven years. It will offer duty-free merchandise, including designer fashion items, leather goods and accessories, watches, jewelry, spirits and tobacco.
Edward Brennan, chairman, president and chief executive officer of DFS, said in a statement that the concession “represents a new partnership between the New Caledonia government and DFS to expand the islands’ tourism infrastructure and attract more visitors from around the world.”
Based in San Francisco, DFS operates more than 150 duty-free stores throughout Asia, the Pacific Rim and North America.