As Chinese visits to Cambodia continue to grow, duty-free retailers DFS Group and CDF are looking to cash in.
CDF Mall, the world’s largest duty-free mall funded by Chinese investment, opened a 4,500 square meter store in Siem Reap, Cambodia. Opening in time for the Chinese New Year, CDF Mall is home to a number of lesser-known clothing, leather goods, watch, and cosmetics brands, according to Want China Times.
China is now second only to Vietnam in terms of the number of tourists it sends to Cambodia annually, and the number of Chinese visitors is expected to double by 2020.
Siem Reap, in northern Cambodia, is a popular city for Chinese tourists on their way to Angkor Wat, the home of more than 100 ancient temples.
Like CDF, DFS Group has its sights set on Siem Reap. DFS, of which LVMH is a majority owner, plans to open an 8,000 square-meter duty-free shopping mall in the city by 2018, which will be capable of housing 700 luxury brands.
image credit: mendhak