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Duty-free drives boom at TourvestDuty-free drives boom at Tourvest
15-Sep-2006
SOUTH AFRICA. Tourvest posted revenue growth of 24% in the year ending June 2006, mainly thanks to the success of its duty-free division, which achieved a 90% rise in operating income
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Operating income across the group increased from R151m ($21.7m) to R187m ($26.9m), but the company recorded annual revenue only marginally ahead of the previous year, up to R1.3bn ($186.7m) from
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(1-Mar-2005) - SOUTH AFRICA. Tourvest Duty Free managing director Maurice Hartshorne is to take up a new role within the South African tourism and retail group after six years heading its travel-retail business
(25-Feb-2008) - The company’s retail revenue was up by 22% despite a “disappointing” performance in its Virgin Atlantic contract
(18-Sep-2001) -
(3-Nov-2006) - Tourvest Duty Free has secured the inflight retail contract on board the airline, which serves an interesting range of high-spending routes
(23-Feb-2005) - Tourvest Duty Free managing director Maurice Hartshorne is moving to head the group's jewellery business and is replaced by Ian Hay