---
title: "China Tourism Group Duty Free Closes DFS Greater China Deal and Welcomes LVMH, Miller Family as Investors"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/279838362.md"
description: "China Tourism Group Duty Free Corporation Limited has acquired DFS Group’s Greater China retail business for approximately USD293.8 million, excluding the DFS Hong Kong store. This acquisition enhances its presence in the travel retail market. Additionally, the company issued new H shares to LVMH and the Miller Family, representing about 0.43% of the enlarged share capital. The latest analyst rating for the stock (HK:1880) is a Hold with a price target of HK$99.00."
datetime: "2026-03-19T15:11:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279838362.md)
  - [en](https://longbridge.com/en/news/279838362.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279838362.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/279838362.md) | [English](https://longbridge.com/en/news/279838362.md)


# China Tourism Group Duty Free Closes DFS Greater China Deal and Welcomes LVMH, Miller Family as Investors

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China Tourism Group Duty Free Corporation Limited Class H ( (HK:1880) ) has shared an update.

China Tourism Group Duty Free Corporation Limited has completed the acquisition of DFS Group’s Greater China retail business, excluding the DFS Hong Kong Canton Road (Sun Arcade) store, for an estimated consideration of about USD293.8 million, subject to closing adjustments. The transaction expands the company’s footprint in Greater China’s travel retail market and is expected to strengthen its competitive position in the regional duty-free and luxury retail segment.

In tandem with the acquisition, the company has issued new H shares to Delphine SAS, an indirect wholly owned subsidiary of LVMH, and to Shoppers Holdings HK Limited, linked to the Miller Family, at HKD77.21 per share. These subscriptions, representing roughly 0.43% of the enlarged share capital, bring in strategic and financial investors while slightly diluting existing shareholders, and may deepen partnerships with global luxury stakeholders.

The most recent analyst rating on (HK:1880) stock is a Hold with a HK$99.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.

**More about China Tourism Group Duty Free Corporation Limited Class H**

China Tourism Group Duty Free Corporation Limited is a leading duty-free retail operator in China, focusing on travel retail and duty-free sales across Greater China. The company operates a portfolio of duty-free and travel retail outlets targeting domestic and international travelers, positioning itself as a key player in the regional luxury and travel retail market.

**Average Trading Volume:** 3,914,101

**Technical Sentiment Signal:** Hold

**Current Market Cap:** HK$166.8B

For an in-depth examination of 1880 stock, go to TipRanks’ Overview page.

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- [China Tourism Group Duty Free prelim 2025 net profit down 16.0% Y/Y](https://longbridge.com/zh-HK/news/279908296.md)
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