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Duty-free
A duty-free shop or store is a retail outlet whose goods are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods will be sold to travelers who will take them out of the country, who will then pay duties and taxes in their destination country (depending on its personal exemption limits and tariff regime). Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component. Tax Free World Association (TFWA) announced that in 2011 the Asia-Pacific region made 35% of global duty-free and travel retail sales, more than either Europe or the Americas, which accounted for 34% and 23% respectively. Fragrances and cosmetics, the largest category of goods, were 31% of all sales, while wines and spirits were 17%. Some countries impose duties on all goods brought into the country, even if the goods were bought duty-free in another coun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai Duty Free
Dubai Duty Free (DDF) is the company responsible for duty-free selling operations at Dubai International Airport and Al Maktoum International Airport. Founded in December 1983, DDF recorded first-year sales of US$20 million. In 2023, its 40th anniversary year, sales turnover reached US $2.16 billion, eclipsing pre-pandemic revenues. Its top five markets are India, Russia, China, and the UK. The company employs 5,500 staff and makes 55,000 daily transactions. Sheikh Ahmed bin Saeed Al Maktoum is the president of the Dubai Civil Aviation Authority and chairman of Dubai Duty Free. Colm McLoughlin was the executive vice-chairman and CEO until 2024, preceding his death. DDF is a subsidiary of the government-owned Investment Corporation of Dubai. Foundation Aer Rianta, which since 1969 operated duty-free shopping at Shannon Airport, which had become the first duty-free airport in 1947, was invited to present a proposal for the operations and management of a duty-free sell ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brendan O'Regan
Brendan O'Regan CBE (1917–2008) was an Irish businessman responsible for developing Shannon Airport, inventing the concept of the duty-free shop and transforming the Shannon Region of Ireland. He was involved in promoting peace in Northern Ireland and co-operation between the Republic of Ireland and Northern Ireland. He has been described as one of Ireland's "most noted peace ambassadors and initiators of commercial and industrial projects". In a tribute to him, President Mary McAleese said that O'Regan was "a true visionary" and "leaves a legacy that permeates throughout all levels of economic, social and cultural life in Ireland." Early life Born in Sixmilebridge, County Clare in 1917, O'Regan attended Blackrock College. He studied hotel management in Germany, France, Switzerland and the UK as his family had interests in hotels (the Old Ground Hotel in Ennis and the Falls Hotel in Ennistymon). Career Early career For a period, he was manager of the Stephen's Green Club in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Feeney
Charles Francis Feeney (April 23, 1931 – October 9, 2023) was an Irish-American businessman and philanthropist who made his fortune as a co-founder of Duty Free Shoppers Group, the travel retailer of luxury products based in Hong Kong. He was the founder of the Atlantic Philanthropies, one of the largest private charitable foundations in the world. Feeney gave away his fortune in secret for many years, choosing to be anonymous, and donating more than $8 billion in his lifetime. Early life and education Feeney was born in Elizabeth, New Jersey, on April 23, 1931, during the Great Depression, to Irish-American parents. His mother was a hospital nurse, and his father was an insurance underwriter. His ancestry can be traced to County Fermanagh in Northern Ireland. As a youth, Feeney worked selling Christmas cards door-to-door, as a golf caddy, and shoveling snow from driveways. He graduated from Elizabeth's St. Mary of the Assumption High School in 1949 and later credited his c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Zone
An international zone is any area not fully subject to the border control policies of the state in which it is located. There are several types of international zones ranging from special economic zones and sterile zones at ports of entry exempt from customs rules to concessions over which administration is ceded to one or more foreign states. International zones may also maintain distinct visa policies from the rest of the surrounding state. Special economic zones A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the jurisdiction within which it is located. SEZs are generally established to increase foreign direct investment or facilitate export-oriented manufacturing. Depending on its purpose, an SEZ typically has less strict border control policies with regard to customs. An export processing zone will typically allow for goods manufactured for export to be exempt from excise tax and for capital goods and raw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shannon Airport
Shannon Airport () is an international airport located in County Clare in Ireland. It is adjacent to the Shannon Estuary and lies halfway between Ennis and Limerick. With almost 2 million passengers in 2023, the airport is the third busiest airport in the Republic of Ireland, and the fifth busiest on the island. Shannon has had a long association with transatlantic flight, owing to its position on the west coast of Ireland and being the most westerly international airport in Europe. One half of Shanwick Oceanic Control, which controls all air traffic on the north eastern quadrant of the North Atlantic Ocean is located close to the airport in nearby Ballygirreen. The airport was built in the late 1930s, with the first commercial flight taking place in 1939. Shannon was the landing point for the first transatlantic proving flight in 1945 and became the world's first duty-free airport in 1947. By the 1960s, it was a busy refuelling stop for many transatlantic carriers. Eu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DFS Group
DFS Group (DFS) ( Chinese: 迪斐世) is a global travel retailer of luxury products based in Hong Kong. Established in 1960, its global network consists of stores located in major global airports and downtown locations featuring over 750 brands. It is privately held and majority owned by the luxury conglomerate Moët Hennessy Louis Vuitton (LVMH), alongside DFS co-founder and shareholder Robert Warren Miller. As of January 11, 1997, DFS Group operates as a subsidiary of LVMH. DFS is headquartered in Hong Kong SAR. History Beginnings In 1960, American entrepreneurs Charles Feeney and Robert Warren Miller founded Tourists International, which later became Duty Free Shoppers (DFS), in Hong Kong. In 1962, two DFS stores were opened at the international airports in Hong Kong and Honolulu, the first duty-free shop in the United States. Expansion In the 1960s and 1970s DFS Group significantly expanded their operation in Pacific Islands and North America. DFS capitalized on t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Haikou International Duty-Free City Shopping Complex
The Haikou International Duty-Free City Shopping Complex is a 280,000 m² duty-free shopping complex located in Haikou Haikou; Chinese postal romanization, formerly romanized as Hoihow is the capital city, capital and most populous city of the Chinese province of Hainan. Haikou city is situated on the northern coast of Hainan, by the mouth of the Nandu River. ..., Hainan, China about 100 metres southeast of Haikou Port New Seaport. It is the world's largest duty free complex.https://moodiedavittreport.com/cdf-haikou-international-duty-free-shopping-complex-celebrates-second-anniversary-in-style/ See also * List of duty-free shops References External links {{china-stub Duty-free shops Retail companies established in 2022 Retail companies of China Tourist attractions in Haikou Organizations based in Haikou Buildings and structures in Haikou 2022 establishments in China ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Warren Miller
Robert Warren Miller (born May 23, 1933) is an American-British billionaire, entrepreneur, co-founder of DFS (Duty Free Shops), and sailing champion. He is the father of Marie-Chantal, Crown Princess of Greece, Princess Alexandra von Fürstenberg, and Pia Getty, dubbed by tabloids and high society as The Miller Sisters. Early life and education Miller was born in Quincy, Massachusetts, on May 23, 1933, son of Ellis Miller, a bookkeeper and salesman, and Sophia "Sophie" Squarebriggs, a Canadian-born former governess. Miller attended Cornell University School of Hotel Administration and graduated in 1955, with a Bachelor of Science in Hotel Administration. He was a member of the Phi Kappa Psi fraternity and the Irving Literary Society. Career Duty Free Shoppers (DFS) The concept of "duty-free shopping" – offering " high-end" concessions to travelers, free of import taxes – was in its infancy when Miller and his former college roommate Chuck Feeney founded DFS on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Incheon International Airport
Incheon International Airport is the main international airport serving Seoul, the capital of South Korea. It is also one of the largest and busiest airports in the world. This airport opened for business on 29 March 2001, to replace the older Gimpo International Airport, which now serves mostly domestic destinations and shuttle flights to several East Asian metropolitan areas, including Beijing Capital International Airport, Beijing–Capital, Kaohsiung International Airport, Kaohsiung, Chubu Centrair International Airport, Nagoya–Centrair, Kansai International Airport, Osaka–Kansai, Shanghai Hongqiao International Airport, Shanghai–Hongqiao, Songshan Airport, Taipei–Songshan and Haneda Airport, Tokyo–Haneda. Incheon International Airport is located west of Incheon's city center, on an artificially created piece of land between Yeongjong and Yongyu Islands. A shallow sea originally separated the two islands. That area between the two islands was reclaimed for the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airport
An airport is an aerodrome with extended facilities, mostly for commercial Aviation, air transport. They usually consist of a landing area, which comprises an aerially accessible open space including at least one operationally active surface such as a runway for a airplane, plane to take off and to land or a helipad, and often includes adjacent utility buildings such as Air traffic control, control towers, hangars and airport terminal, terminals, to maintain and monitor aircraft. Larger airports may have airport aprons, taxiway bridges, air traffic control centres, passenger facilities such as restaurants and Airport lounge, lounges, and emergency services. In some countries, the US in particular, airports also typically have one or more fixed-base operators, serving general aviation. Airport operations are extremely complex, with a complicated system of aircraft support services, passenger services, and aircraft control services contained within the operation. Thus airpor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emirates (airline)
Emirates is one of the two flag carriers of the United Arab Emirates (the other being Etihad Airways). Based in Al Garhoud, Garhoud, Dubai, the airline is a subsidiary of The Emirates Group, which is owned by the government of Dubai's Investment Corporation of Dubai. It is the largest airline in the Middle East, operating more than 3,600 flights per week from its hub at Dubai International Airport Terminal 3, Terminal 3 of Dubai International Airport. It operates in more than 150 cities in 80 countries across six continents on its fleet of nearly 250 aircraft. Cargo operations are undertaken by Emirates SkyCargo. Emirates is the world's World's largest airlines#By scheduled passenger-miles flown (millions), third-largest airline by scheduled revenue passenger-kilometers flown. It is also the World's largest airlines#By scheduled freight ton-kilometers (millions), second-largest in terms of freight tonne-kilometers flown. During the mid-1980s, Gulf Air began to cut back its s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LVMH
LVMH Moët Hennessy Louis Vuitton SE (), commonly known as LVMH, is a French multinational holding company and conglomerate that specializes in luxury goods and has its headquarters in Paris, France. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which had been established by the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765). In April 2023, LVMH became the first European company to surpass a valuation of $500 billion. In 2023, the company was ranked 47th in the Forbes Global 2000. LVMH controls around 60 subsidiaries that manage 75 luxury brands. In addition to Louis Vuitton and Moët Hennessy, LVMH's portfolio includes Christian Dior Couture, Givenchy, Fendi, Celine, Kenzo, Tiffany, Bulgari, Loewe, TAG Heuer, Marc Jacobs, Stella McCartney, Sephora and Loro Piana. The subsidiaries are often managed i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
