Dufry transformation may be just the beginning

Gavin Lipsith

15-Sep-2006

If anyone had any doubts about the global ambition of Dufry Group following its flotation on the Swiss stock exchange late last year, the retailer's first-half results for 2006 should dispel them

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One clue is in the report's headline: "Dufry: A Global Ambition". In business figures speak louder than words, however, and in today's climate any travel retailer would be delighted with

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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
(7-Jun-2007) - The private equity group has placed a further 12.33% of the retailer on the stock exchange, reducing its holding to 36.67%
(21-Jun-2007) - Flotation fever has gripped the industry this month
(11-Nov-2005) - The operator is planning to float on the Swiss Exchange through an initial public offering
(5-Oct-2005) - The Swiss group records an increase in turnover of 7.7% for the first-half of the year