5 Biggest Duty Free Companies in the World

In this piece, we’ll take a look at the 5 Biggest Duty Free Companies in the World. For more such companies, go to 10 Biggest Duty Free Companies in the World.

5. Lotte Duty-Free

Annual revenue: Won 5.8 trillion

Based in South Korea, Lotte Duty-Free is a leading duty-free travel retailer. Lotte Duty-Free operates 20 stores, out of which 7 are located in Korea. Customers can buy their desired items from over 1,600 brands at Lotte Duty-Free.

4. DFS Group

Annual revenue: €3.1 billion

DFS group is a leading operator of travel-retail stores around the world. The company’s stores offer a variety of products from leading brands. They have over 750 brands and 850 boutiques for customers to choose from. DFS Group’s global network spans over 13 countries and 4 continents and has duty-free stores in 12 airports.

3. Dufry AG (SWX:DUFN)

Annual revenue: €3.9 CHF

Headquartered in Basel, Dufry AG (SWX:DUFN) is regarded as the leading travel retailer worldwide. Dufry AG (SWX:DUFN) operates in over 65 countries with 2,300 locations at major airports, seaports, cruise liners, and on tourist-specific around the world. Dufry AG (SWX:DUFN) manages 470,000 square meters of retail space globally. Some of its subsidiaries include World Duty Free, Hudson Group, and Hellenic Duty Free Shops. In 2021, the company’s revenue was reported at 3.91 billion CHF.

2. Lagardère S.A. (EPA:MMB)

Annual revenue: €5.1 billion

Lagardère S.A. (EPA:MMB) operates in two major divisions: Lagardère Travel Retail and Lagardère Publishing. Lagardère Travel Retail is one of the leading travel retailers. It operates in 42 countries with over 4,800 stores offering a wide variety of items, including travel essentials, food, and fashion accessories, at airports and train stations around the world. Lagardère S.A. (EPA:MMB) reported revenue of €5.1 billion in 2021.

1. China Duty-Free Group

Annual revenue: €9.4 billion

China Duty-Free Group is a leading travel retailer and the only state-owned company allowed to run duty-free shops across China. In 2021, China Duty-Free Group held 77.8% of the Chinese market and 24.6% of the worldwide travel retail market. It has partnered with over 1000 brands that provide duty-free products to their customers spanning over 30 categories in over 200 duty-free stores across 30 provinces in China. The total sales of the company in 2021 stood at €9.4 billion.

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