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In 1960, American entrepreneurs Charles Feeney [5] and Robert Warren Miller [6] 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.
DFS eventually expanded to off-airport duty-free stores and large downtown Galleria stores, becoming the world's largest travel retailer. [10] [12] By the mid-1990s, DFS was distributing profits of up to $300 million a year to Feeney, Miller, and two smaller partners. [13]
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.
Haikou International Duty-Free City Shopping Complex, is the world's biggest stand-alone duty-free store in terms of physical size. Located in Haikou, Hainan, China, the buildings have a total area of 280,000 square meters. [1] [2] Aelia Duty Free – a brand of Lagardère Travel Retail. [3] Comturist – a chain of duty-free stores.
Brendan O'Regan established the world's first duty-free shop at Shannon Airport in Ireland in 1947; [6] it remains in operation today. Designed to provide a service for trans-Atlantic airline passengers typically travelling between Europe and North America whose flights stopped for refuelling on outbound and inbound legs of their journeys, it was an immediate success and has been copied worldwide.
How to park for free at LAX and other life hacks from L.A. locals. Adam Tschorn. October 2, 2024 at 3:00 AM (Jim Cooke / Los Angeles Times; photo via Getty Images)
Parker trained as an accountant, and worked for the Hong Kong–based DFS Group. He became DFS's third largest shareholder, and in 1997 when it was taken over by LVMH, Parker received about $840m (£464m) for his 20% stake. [1] [2] Parker also made money investing in hedge funds and high technology. [2]
Hudson, one of the largest travel retailers in North America, is a wholly owned subsidiary of international travel retailer Dufry AG of Basel.Based in East Rutherford, New Jersey, United States, the company operates more than 970 Hudson, Hudson News, Hudson Booksellers, cafes, specialty retail and duty-free shops in 87 airports and transportation terminals in the United States and Canada.