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  2. Death of the agency model – and what replaces it 
  3. Richemont sales up 20pc to $7.1B for Q1 2026, buoyed by growth across lines and regions
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China

China’s Hainan island to become formidable luxury retail destination with new 1,000-brand DFS Yalong Bay development

October 1, 2023

Overview of rendering of DFS Yalong Bay in China's Hainan. Image credit: DFS Overview of rendering of DFS Yalong Bay in China's Hainan. Image credit: DFS

 

By Staff reports

The southern island of Hainan in China is on its way to becoming one of the world’s leading luxury retail markets in the next five years with the 2026 launch of LVMH-controlled DFS Yalong Bay in the town of Sanya.

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