Dufry South America IPO offers exciting opportunities

John Gallagher

15-Nov-2006

SOUTH AMERICA. The announcement of Dufry’s forthcoming IPO for its subsidiary Dufry South America (DSA) probably took its direct competitors by surprise, and they will now be trying to anticipate the Switzerland-based retailer’s next move

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Dufry took a big step in its regional growth plans when the company took control of Brazil’s leading duty-free operator Brasif Duty Free Shop in March; until then the Swiss........

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(30-Oct-2006) - Just months after its acquisition of South America’s biggest travel-retail operator Brasif, Dufry Group is to launch a public offering for its business in the region
(1-Dec-2006) - Dufry Group South America will launch its Initial Public Offering (IPO) on December 5 with market capitalisation estimated at between $680m and $810m
(19-Apr-2006) - Dufry has named former ANA Aeroportos de Portugal retail director José Carlos Costa da Silva Rosa as regional COO South America
(15-Sep-2007) - The bulk of Dufry Group’s growth has emerged from South America over the past year, with big acquisitions driving sales. DFNI examines the group’s recent performance in the region