Araverus Team|Tuesday, January 20, 2026 at 3:14 AM
Araverus Team
Jan 20, 2026 · 3:14 AM
CTG Duty Free · DFS · LVMH · Travel Retail
Shares of China Tourism Group Duty Free rose after the company said it plans to acquire LVMH’s DFS travel retail business in Hong Kong and Macau.
Sector bellwether LVMH Moet Hennessy Louis Vuitton was down 4.2% and almost all other major European luxury makers dropped as well.
Leggett & Platt has opened the door to a possible takeover by Somnigroup International despite knocking back the bedding company’s roughly $1.63 billion offer as too low.
Lands’ End agreed to form a joint venture with brand management and acquisition company WHP Global in a deal that will provide the apparel company with $300 million in cash.
