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Falic: “We won’t do grey; we won’t break up”Falic: “We won’t do grey; we won’t break up”
16-Oct-2001
The duty-free industry was stunned by the October 11 sale of World Duty Free Americas to a seemingly unknown Miami-based company, Duty Free Acquisition Corp. But anyone familiar with the US beauty business will know the family behind the deal?brothers Simon, Jerome and Leon Falic. And in the company?s first interview since landing the $121m takeover, president Leon Falic and chairman Simon Falic attempt to allay supplier concerns about the direction the business may take.
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The duty-free industry was stunned by the October 11 sale of World Duty Free Americas to a seemingly unknown Miami-based company, Duty Free Acquisition Corp. But anyone familiar with the
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(16-Oct-2001) - A Miami-based Falic Group subsidiary, Duty Free Acquisition Corp, stunned the industry by acquiring WDFA (formerly Duty Free International) for $121m (£84m) in a deal announced exclusively by DFNI on October 11.
(18-Dec-2001) - INTERNATIONAL. The Falic family, new owners of Duty Free Americas (formerly World Duty Free Americas), may be about to pull off another headline-grabbing acquisition.
(16-Oct-2001) -
(7-Nov-2001) - US. New World Duty Free Americas (WDFA) owners The Falic Group attended last month?s TFWA World Exhibition to introduce their company and attempt to allay suppliers? fears about the family?s previous grey market dealings.