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Gebr Heinemann sales to reach $1.27bn next year

Gebr Heinemann sales to reach $1.27bn next year

Gavin Lipsith

2-Nov-2004

The German retailer's recent victory in Norway will provide a significant sales boost when Oslo airport's renovation is completed next year

German travel retailer Gebr Heinemann has anticipated that its global sales will soar past Eu1bn ($1.27bn) next year, with its European business accounting for up to Eu900m ($1.14bn). Co-owner Gunnar Heinemann made the claim yesterday as the company celebrated its 125th anniversary in Hamburg.

Sales next year will be boosted when a large renovation is completed at Oslo airport, adding more retail space for Travel Retail Norway, Heinemann's joint venture with local domestic retailer Esthetique Norge. Once completed the new area will be the largest duty-free operation in Europe, the company claimed. The renovation is due to be finalised in early summer 2005.

The company revealed that sales in Europe should reach Eu820m ($1.04bn) in 2004.

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Heinemann sales “to hit $1.27bn”

(1-Nov-2004) - GERMANY. Gebr Heinemann has forecast that its global sales will exceed Eu1bn ($1.27bn) next year, with its European business accounting for up to Eu900m ($1.14bn)

SAS Trading prepares to quit Norway

(15-Dec-2004) - NORWAY. SAS Trading has started removing products from its duty-free shops at Oslo Gardermoen airport ahead of its departure on December 31

Oslo sales beat tender expectations

(3-Jun-2005) - Nearly six months after the retailer's contract began, sales at the renovated retail area at Oslo Gardermoen airport have surpassed the forecasts set in Travel Retail Norway's bid submission

Heinemann's "detailed" bid was key to Copenhagen victory

(31-Aug-2006) - DENMARK. German travel retailer Gebr Heinemann's submission of a "very detailed" bid was the defining reason for its success in the long-awaited decision on the winning bidder at Copenhagen Kastrup airport. The retailer will begin its six-year contract at the airport from March 2007

Comment by editor-in-chief Dermot Davitt

(1-Jul-2004) - Travel Retail Norway's dramatic victory in Norway's hotly contested duty-free tender last week looks set to change the face of airport retailing in the Nordic market

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