SJM formally signs China Duty Free accord for Cotai resort

Sociedade de Jogos de Macau and China Duty Free Group Co said they have signed a binding agreement for the retailer to open a flagship outlet at Grand Lisboa Palace once it opens on the Cotai strip.

CDFG’s off-airport outlet will cover approximately 7,500 square metres on the first floor of the retail mall at Grand Lisboa Palace, and will offer a diverse mix of perfumes, cosmetics, watches and jewellery, apparel, shoes and accessories, grocery and travel items.

“The CDFG shop will richly amplify the retail offerings of our resort, while elevating the Macau shopping experience for all visitors.”  SJM board chair Daisy Ho said.

Grand Lisboa Palace will offer approximately 1,900 guest rooms and suites in the Grand Lisboa Palace Hotel, Palazzo Versace Macau and Karl Lagerfeld Hotel. Other features will include a Wedding Pavilion for celebrations and events, a multi-purpose hall and entertainment and leisure facilities.

The $4 billion resort is scheduled to open late this year, though analysts expect the debut to be delayed until 2020.