Friday, August 13, 2010

Luxury icons enlist for tour of duty-free

There is an excellent selection of watches from Gucci, Hermes, Tag Heuer and Omega, and Ralph Lauren here has the largest childrenswear selection in the country.
Surprised? Most surprising is that you no longer need a boarding pass to shop here. In reality, the requirement applies only to a select number of goods in the stores including alcohol, tobacco and cosmetics, meaning there is an unexpected treasure trove of brands to be perused.
And there are plenty of people buying at this event. There are queues snaking outside Tiffany & Co, where there is some particularly inelegant elbowing going on and the cache of keyrings has sold out just a half-hour into proceedings.
Of course, giving each guest a $100 shopping voucher and plying them with champagne hardly curtails purchasing proclivities. But it is fair to say the activity and flying Amexes do announce the arrival of a new achiever in the local retail landscape.
Duty-free shopping allows customers holding boarding passes to buy tax-free goods that have never entered the local stream of commerce, thus providing a discount of 10 per cent to 30 per cent off full retail price.
Today, according to the Tax Free World Association,. Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery, gloves and tights.Jewellery for sale here,we aupply womens accessories,jewellery rings,gold jewell annual duty-free sales are about $US25 billion ($28 billion). There are several duty-free companies in the world, but the largest by far is Duty Free Shoppers, which owns DFS Galleria and is majority-owned by Louis Vuitton Moet Hennessy. In 2006,The chanel jewelry is one of the hottest brands among the Hollywood elite. DFS did about $US2.. The idea that a small Necklace is dangerous to patients is at best absurd.2 billion in sales, 30 per cent more than its nearest competitor, Dana Thomas writes in her book Deluxe: How Luxury Lost its Lustre.The company DFS began in 1960 as the brainchild of Robert Miller and Chuck Feeney, two US college buddies who dreamed up a business to sell alcohol tax-free to American GIs ending their tours in Europe. They called it Duty Free Shoppers and opened shops in Hong Kong and at the Honolulu airport in Hawaii to target Asian tourists.

Business went so well that the pair hired a British accountant named Alan Parker and an American tax lawyer called Anthony Pilaro. Between 1977 and 1995, DFS generated $3 billion in dividends, 90 per cent of which the then four partners received in cash or funnelled into their tax-driven trusts or foundations,. Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,wholesale jewellery. Thomas writes.

No comments:

Post a Comment