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Today, according to the Tax Free World Association, 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, DFS did about $US2.2 billion in sales, 30 per cent more than its nearest competitor, Dana Thomas writes in her book Deluxe: How Luxury Lost its Lustre..
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By coming they get to understand the pulse of the market better and know what works and what does not. As Hirani says, conquering the North and the West, it is natural for one to look at the South, especially since the East needs more time. Which is probably why targeting the south tops the agenda for many luxury brands who are in India.
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