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InterBaires pins hopes on visitors as crisis deepensInterBaires pins hopes on visitors as crisis deepens
15-Jan-2002
ARGENTINA. The devaluation of the peso last month is taking its toll on overseas travel and duty-free spend among Argentinians, hitting operator InterBaires hard. But ceo Randy Emch told DFNI there could be opportunities for duty-free if imported luxury goods become scarce and more expensive on the domestic market.
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?ARGENTINA. The devaluation of the peso last month is taking its toll on overseas travel and duty-free spend among Argentinians, hitting operator InterBaires hard. But ceo Randy Emch told DFNI........
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(28-Sep-2002) - The view from InterBaires: Randy Emch
(15-Jun-2002) - ARGENTINA. Despite the desperate economic situation facing the country, and the continuing devaluation of the Argentinian peso, duty-free operator InterBaires believes its business can improve in the second half of the year.
(13-Mar-2002) - Randy Emch has been appointed executive director of Argentinian operator InterBaires, where he has been ceo for several years. In his new role Emch will be working more closely with Exxel Group, the private equity company that owns InterBaires.
(16-Oct-2002) -
(5-Sep-2002) - SOUTH AMERICA. Duty-free retailers in Argentina and Uruguay are resisting strong pressure to reduce prices at leading airports and border stores as domestic market prices fluctuate wildly amid currency devaluations. Although the value of the Argentinian peso has been reduced nearly fourfold in recent months, domestic market prices of imported goods such as fragrances and liquor have not risen to reflect the changes. This means some local prices are lower than in duty-free, eroding duty-free price savings.