China Duty Free Group Co.

China Duty Free Group Co., Ltd. was established in 1984, the only state-owned enterprise specialized in nationwide duty free business with approval from the China's State Council. CDFG unified the management of the national duty free industry in accordance to the "four unified" management policy granted by the State. With 25 years rapid growth, CDFG has established long-term cooperation with more than 300 top luxury brands in the world, now providing nearly a thousand types of merchandise in over twenty main categories. CDFG has set up more than 160 duty free outlets in 29 provinces, municipalities and autonomous regions nationwide (including Hong Kong and Taiwan), makes CDFG become a duty free operator that possesses the most complete range of duty free shop with the largest number of retail outlets in one country. To achieve the strategy of diversified development, CDFG became the first retailer of Olympic products, and opened 78 franchised stores. CDFG also established its own brands that engaged in high-end luxury products and Chinese specialty boutiques. CDFG has taken steady steps towards the travel retail market. Looking into the future, CDFG will reallocate its resources, continue to deepen its system reform and create new operating mechanism. While broadening and strengthening China's duty free industry, CDFG will also expand into areas relevant to its main business, building CDFG into a top-ranking large scale business group.