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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.
[4] [8] They later expanded to selling cars and tobacco [9] and founded the Duty Free Shoppers Group (DFS Group) in 1960. [7] DFS began operations in Hong Kong, later expanding to Europe and other continents. [10] A breakthrough came in the early 1960s when DFS secured a concession for duty-free sales in Hawaii, allowing the company to market ...
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.
The co-founder of the Duty Free Shoppers Group (DFS Group), who died in October last year at age 92, fulfilled his pledge to donate the bulk of his $8 billion fortune long before his death.
Feeney made much of his fortune after co-founding Duty Free Shoppers, a chain of duty-free airport stores specializing in luxury goods, in 1960 with an undergraduate classmate from Cornell University.
The co-founder of the Duty Free Shoppers Group died on Oct. 9 at the age of 92, but fulfilled his pledge to donate the bulk of his $8 billion fortune long before his death. Don't miss.
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]
That multibillion-dollar fortune came from Feeney’s earnings from Duty Free Shoppers, which he cofounded in 1960. The chain of airport stores, which specializes in luxury items, has over 850 ...