TheTourAttraction.com aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. TheTourAttraction.com look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information TheTourAttraction.com provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.
The following is the [Travel News]: Korea’s No.1 beauty firm teams up with Chinese travel retailer CDFG from [Asiaone] recommended by TheTourAttraction.com:
Amorepacific and CDFG focus on the Hainan travel retail market, which is now recovering quickly with triple-digit sales growth.
South Korea’s top beauty firm Amorepacific has formed a strategic partnership with Chinese travel retailer giant CDFG (China Duty Free Group).
The high growth potential of the Chinese travel retail industry has been fueled by authorities support and strong domestic demand despite the COVID-19 crisis. This has subsequently driven Amorepacific to build a partnership with CDFG, ranked top in the global travel retail sales in the 1st half of 2020, with the aim of moving ahead in the global travel retail industry.
Through this partnership, Amorepacific and CDFG agreed to enhance strategic partnership for local operation in Hainan and drive their mutual growth for new stores and the expansion of new brands. Both companies also agreed to support each other’s growth in the rapidly changing market with enhanced investment into marketing and digital transformation for a differentiated customer experience and thereby build a sustainable and healthy retail business ecosystem.
In particular, Amorepacific and CDFG focus on the Hainan travel retail market, which is now recovering quickly with triple-digit sales growth. They decided to enhance digital communication content, provide extensive support for marketing and products, and develop a workforce exclusively for the Hainan market to improve satisfaction of travel retail customers.
CDFG, China’s largest travel retailer, is the state-owned company authorized by the Chinese government to operate duty free business not only in China but also in other countries, and it is one of the most rapidly growing global travel retailers.