The first phase is planned to open before the Spring Festival in 2021.
Swiss-based travel retailer Dufry and Chinese state-owned Hainan Development Holdings (HDH) are developing a duty-free operation at Hainan’s Mova Mall in Haikou as part of a tie-up to develop opportunities in Hainan’s travel retail market, according to a press release.
The new downtown duty-free shop will span over 38,920 sqm across two buildings of the Mova Mall, Aquarius and Capricorn, in three phases, with the first phase expected to be opening before the Chinese Spring Festival in 2021.
During the initial phase, the temporary product assortment in the store will cover all core categories such as perfume and cosmetics, food and confectionery, wine and spirits, as well as sunglasses and luxury items from global brands and local premium labels.
For the second and third phase, an additional range of top luxury and lifestyle brands has been engaged allowing the offer to reach over 350 brands across all categories once the store is fully completed in Q2-Q3 2021.
Located in the city center of Hainan Island’s capital, Mova Mall features shopping, dining and entertainment facilities, as well as over 2,500 luxury hotel rooms nearby.
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