Macau concessionaire Sociedade de Jogos de Macau, S.A. (SJM) has entered into a binding Memorandum of Understanding with China Duty Free Group Co., Ltd. (CDFG) that will CDFG open its flagship Macau store at Grand Lisboa Palace when the Cotai integrated resort opens in late 2019.
Set to span around 7,500 square meters of prime first floor retail space, CDFG will be the first off-airport outlet of CDFG in Macau. Established in 1984, CDFG is China’s leading operator of duty free shops and is a subsidiary of travel giant China National Travel Service Group Corporation Limited.
CDFG has more than 200 stores across China – the most number of duty free outlets in any single country, the company said.
Grand Lisboa Palace will boast a total of 53,000 square meters of retail space, covering the first and second floors of the development. SJM said the mall is designed to delight visitors with an innovative Fantasy Garden theme, invoking “feelings of splendor and luxury with the use of delicate topiary, ornamental birdcages and elegantly formed garden walkways.”
“The introduction of CDFG’s Macau flagship store into Grand Lisboa Palace will greatly expand and enhance the retail offerings of our resort, appealing to any type of visitors especially those with sophisticated lifestyles,” said SJM Vice-Chairman, Executive Director and CEO Ambrose So.
“Leveraging the strong brand recognition and commitment to quality and service at both SJM and CDFG, our collaboration with CDFG will elevate visitors’ shopping experience in Macau and strengthen the positioning of Grand Lisboa Palace as Macau’s capital of style.”
Mr. Charles Chen, President of CDFG, added, “The opening of our Macau off-airport duty free store in Grand Lisboa Palace serves as a new step in CDFG’s business development. The Hong Kong and Macau market is a retail hotspot in Asia Pacific and through the successful tenders for expanded footprint in Hong Kong and Macau airports, as well as the upcoming store in Macau downtown, CDFG has steadily actualized its strategic plan for the region.”
CDFG’s Macau flagship store at Grand Lisboa Palace will carry a mix of perfumes and cosmetics, watches and jewelry, apparel, shoes and accessories, travel-related products and more.
Dr So revealed earlier this week that he expects operations at Grand Lisboa Palace to launch before the end of 2019.