LEVY TO HEAD DFS NORTH AMERICA

NEW YORK — Julian Levy has been named president of the North American region at DFS Group Ltd., the duty-free and general merchandise retailer that is majority-owned by Paris-based LVMH Moet Hennessy Louis Vuitton.
Levy was president of the Oceania region, which includes Australia and New Zealand. Mark Daley has been named to succeed Levy there.
In the North American role, Levy succeeds Jim Hurley, 53, who also was president of DFS Pacific Retail Development. Hurley recently announced his intention to retire from DFS at the end of 2000. Levy’s appointment is effective late summer.
Levy’s new responsibilities include DFS Group’s growing operations in North America — which comprise major airport concessions and downtown DFS Galleria stores in San Francisco, Los Angeles, Las Vegas and New York — and coordinating activities between DFS and Miami Cruiselines Inc., which was recently acquired by LVMH.
Levy, 38, joined DFS in 1988 as vice president of operations for DFS U.K. He later was named vice president of operations for the Australia region before being promoted to vice president of business development and operations in 1995. In 1997, he was promoted to his most recent post as president of the Oceania region.
Daley, 36, began his career as an assistant buyer for DFS Alaska in 1986. He was promoted to buyer in 1988 and transferred to DFS Hong Kong in 1991. He held various posts at the company before being named to his current role as vice president, general merchandise manager for Hawaii in 1999.
In other news, DFS announced Friday that it has been awarded one of the three major duty-free concessions available at Seoul’s new Inchon International Airport, which is scheduled to open in mid-2001.
Under terms of the five-year concession, DFS will have the right to operate seven tax-free shops in the west wing of the new international terminal. The shops will offer a wide variety of merchandise, including fragrances, watches and leather goods, and will occupy a total of 1,692 square feet.
DFS said it was the first non-Korean company to win the right to operate a tax-free concession without a local partner.
“We are very pleased to have won this major concession, which enables DFS to play a meaningful role at an important new international airport located in the heart of our principal market,” said Edward Brennan, president and chief executive of DFS Group. “We are committed to having a significant long-term presence in Korea, which we believe has a bright future as a major economic force in the Asia-Pacific region. We will continue to explore additional opportunities for growth there.”
In the wake of the Asian crisis, DFS trimmed its dependence on expensive airport concessions and refocused on more profitable downtown locations, especially on developing its Galleria concepts, which combine travel retail with entertainment centers. All along, DFS insisted it would continue to bid on the best airports as concessions came up for bid. In the past year, DFS won a five-year extension of its existing concession at San Francisco International Airport and a new concession for the international terminal at JFK International Airport here.
DFS operates more than 150 duty-free and general merchandise stores throughout Asia, the Pacific Rim and the West Coast of North America.