Freshfields advises DFS on the sale of its US LAX and SFO travel retail business

Global law firm Freshfields is advising DFS Group L.P. (“DFS”) on the transfer of DFS's travel retail concessions in Los Angeles International Airport (“LAX”) and San Francisco International Airport (“SFO”) to Duty Free Americas (“DFA”), a family-owned and operated business that is part of the Falic Group and the largest travel retail operator in the Americas and a leading operator worldwide. The transaction is expected to close in Q2 2026, subject to customary closing conditions.

The Freshfields team advising on the transaction is led by partner Sarah Su and senior associates Dickson Chan and Silver Yu, supported by associates Eric Cheung and Twinkle Chow.

IP and data privacy advice is led by partner Richard Bird and counsel Cédric Lindenmann, supported by senior associate Fan Li, and associate Harshavardhan Ganesan. Antitrust advice is provided by partner Alastair Mordaunt, associates Chi Chung Chan and Ziqi Zhou. Employment advice is provided by partner Nicole Foster, counsels Jordon Salzman and Stephanie Chiu and associates Shirley Lam and Emily Shaw. Tax advice is given by partner Joe Soltis and associate HyunKyu Kim. US law advice is provided by partner Jonathan Zhou. US real estate advice is provided by counsel Jeremiah Nelson.