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Retail News Analysis
DFNI EXCLUSIVE by Gavin LipsithTURKEY. Gebr Heinemann is considering bidding for the duty-free shops division of Tekel, the Turkish state-controlled import and export agency.
By Anna FentonSINGAPORE. The latest round of tendering and retail development at Singapore Changi terminal two has given DFS Group the contract for two new luxury brand boutiques for Salvatore Ferragamo and Bvlgari.
HONG KONG/ MACAU. Sky Connection has been awarded the contract to operate the duty-free concession in the Hong Kong?Macau ferry terminal and in the China-bound ferry terminals at Tsim Sha Tsui in Hong Kong.
DFNI EXCLUSIVE by Dermot DavittINTERNATIONAL. The Nuance Group owners will consider a partial IPO (initial public offering) of its shares over the coming year if the value of the company reaches pre-September 11 levels.
IRELAND. The government has announced plans to break up state-owned airports authority Aer Rianta, with Dublin, Shannon and Cork airports each to be operated by a separate board.
LATIN AMERICA. Bookings are flooding in for this year?s ASUTIL conference, to be held in Cancún, Mexico on September 3?5.
SINGAPORE. As the Civil Aviation Authority of Singapore (CAAS) contemplates whether to retender or extend long-term incumbent DFS Group?s three-year liquor and tobacco contract, the signs are the decision will favour DFS.
DENMARK. The Danish government is to slash tax on liquor on October 1, forcing duty-free operators to rethink pricing in a crucial category for Scandinavian travel-retail.