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Ownership and Corporate Structure Founded and led by Anthony Bear (Singing Bear)

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List of Top Duty Free Retailing Companies China Duty Free Group Dufry Dubai Duty Free Shinsegae Duty Free DFS Group Lotte Duty Free Heinemann The Shilla Duty Free Lagardre Group The King Power International Group Top Two Companies with Highest Market Share China Duty Free Group (CDFG) holds the largest position in the global Duty Free Retailing Market, accounting for approximately 26%28% global duty free retail market share and operating more than 200 duty free stores across airports, downtown retail complexes, and travel hubs

Market shares for large cigarette brands are relatively stable due to advertising restrictions