Michael Kors On Leaving Celine

[kit]

Originally posted by Atelier+Mar 5th, 2004 - 11:58 am--><div class='quotetop'>QUOTE(Atelier @ Mar 5th, 2004 - 11:58 am)</div><div class='quotemain'> <!--QuoteBegin-Jentlemen@Mar 4th, 2004 - 2:05 pm
now my question..  what is this  DFS  that Michael Kors refers to

Answer (I think this is what he's talking about

Since LVMH acquired in 1997 the Duty Free Shoppers (DFS) group of stores, which are mostly located in Asia, the Dior distribution has been expanded to the 165 DFS-outlets.

Go here for more info:

http://www.dfsgalleria.com/Galleria/Englis..._About_DFS.html

Thanks for posting the article, Lena. It's always good to hear the big boys speak frankly. Provides valuable insight into the many hats they wear. [/b][/quote]
Yes Atelier ,

I recall that LVMH were trying to unload the DFS operation , along with the SEPHORA shops , as they were not turning in enough profit .

KIT