In China, Bluebell Group (US$2.5 billion turnover via 650 stores) is strengthening a presence in the “Duty Free” market by acquiring Star Brands Travel Retail. Finalised on 19th December 2022, the Hong Kong-based group is completing its offer on the duty-free market. Star Brands Travel Retail offers management and exploitation services to global brands, which are already selling in Hainan, or are eager to enter the travel retail market.
Investments have been increasing on Hainan Island,...