The college launched following gifts of $350 million by Duty Free Shops founder Charles Feeney through his Atlantic Philanthropies and a $133 million gift by Qualcomm founder Irwin M. Jacobs and his wife Joan.
At the same time, DFS opens a new downtown store in the heart of Causeway Bay in Hong Kong, and secures three core concessions at Hong Kong International Airport.
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In 1960, Americans "Charles Feeney and Robert Miller founded Tourists International, which later became Duty Free Shoppers (DFS), in Hong Kong, at a time when tax free shopping was still in its infancy.
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In 1961, Tourists International won the bid for a duty free concession at Hong Kong’s Kai Tak Airport and opened its first airport store (using the Duty Free Shoppers name, which was purchased from military entrepreneur friends Stewart Damon and Harry Adler).
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DFS also entered the U.S. market by opening stores at San Francisco International Airport and in downtown San Francisco.
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The Group is privately held and majority owned by the world’s largest luxury conglomerate Moët Hennessy Louis Vuitton (LVMH), alongside DFS co-founder and shareholder Robert Miller.
Galleria Borghese | Galleria nazionale di Parma | Hay's Galleria | Galleria Nazionale dell'Umbria | Galleria Nazionale d'Arte Moderna | Galleria Nazionale d'Arte Antica | Galleria Nazionale d'arte antica | DFS 230 | Westfield Galleria at Roseville | The Galleria at Fort Lauderdale | Robinsons Galleria | Luk Yeung Galleria | Galleria Vittorio Emanuele II | Galleria Umberto I | Galleria Dallas | Galleria Ca' d'Oro | Galleria at Erieview | DFS Olympia Meise | DFS Galleria |