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Nuance to exit Italian travel-retailNuance to exit Italian travel-retail
17-Feb-2005
The group is to withdraw from its business in Rome, a source close to the company has told RavenFox.com
The Nuance Group is to exit Rome Fiumicino airport once airport authority Aeroporti di Roma has found a new operator to take over its 11 specialist retail outlets, a source close to The Nuance Group has confirmed. RavenFox.com understands that the move was disclosed at Nuance owner Stefanel's results meeting earlier this week, when the company said it had accounted for its travel-retail subsidiary's departure from Italy in its 2004 results statement.
The source anticipated that a replacement for Nuance would be installed at Rome by summer.
Click here to read RavenFox.com's story on the Stefanel results.
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(15-Apr-2005) - ITALY. Dufry Group has pulled out of negotiations with airport authority Aeroporti di Roma (AdR) to take over specialist stores to be vacated by The Nuance Group at Rome Fiumicino airport
(1-Mar-2005) - ITALY. Airport authority Aeroporti di Roma (AdR) has confirmed that The Nuance Group plans to withdraw from Rome Fiumicino airport
(15-Jun-2005) - Aeroporti di Roma (AdR) and Dufry Group have reached a mutually satifactory end to their recent negotiations, if the retailer's recent contract gain at Rome Fiumicino is anything to go by
(15-Mar-2005) - The Nuance Group's decision to withdraw from its loss-making speciality and fashion retail contract at Rome Fiumicino airport is the first indicator that the retailer is prepared to take drastic action to protect its bottom line where necessary
(18-Jun-2003) - By Kevin Rozario