Speculation mounts over World Duty Free's future as BAA buyout imminent

Gavin Lipsith

UK/SPAIN. As Grupo Ferrovial looks set to take control of BAA, speculation in the industry is mounting over the future of the UK airports group's retail subsidiary World Duty Free

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BAA and Ferrovial fact file 2005–2006* BAA Group revenue: £2.27bn ($4.29bn), up by 7.6% year on year UK airports: London Heathrow, London Gatwick, London Stansted, Glasgow, Edinburgh, Aberdeen, Southampton Equity stakes ........ Login To Read More | Subscribe To Read More Your Comments On This Article • • • • Name: Email: - Not displayed on website Comments: Please note: Only alpha-numeric characters allowed for comments Security Image: Please enter image text in the security code field Security Code:   Related Stories Articles bearing the symbol  require subscription. Ferrovial rises on talk of Dufry interest (26-Nov-2006) - The Spanish group’s share price rose on Friday, boosted by speculation that Dufry Group is interested in acquiring BAA retail subsidiary World Duty Free World Duty Free confirms it is up for sale (4-Dec-2007) - The company has finally verified that BAA owner Grupo Ferrovial has put it on the market following a strategic review of its non-core assets BAA denies World Duty Free sale talks as Nelson is named new CEO (15-Jul-2006) - UK. BAA has responded to speculation that its new owner Grupo Ferrovial is in talks to sell the company's retail division World Duty Free (WDF) Ferrovial identifies World Duty Free as “core asset” (8-Nov-2006) - The new owner of UK airports group BAA has identified its travel retailer subsidiary World Duty Free as a core UK asset that is not for sale Editorial (15-Jun-2006) - Speculation recently in the Spanish press indicates that one of Europe's great national airport networks could soon come under new ownership Popular New Articles EU duty-free allowances double Restrictions on fragrances have been abolished and a new allowance of 16 litres of beer has been introduced William Grant & Sons “optimistic” about 2009 Tough trading conditions call for pioneering creativity, says supplier WDF and Puig launch Paco Rabanne retail concept The promotion celebrating the launch of men’s fragrance Paco Rabanne 1 Million features a giant safe filled with gold ingots and 42in plasma TV screens to encourage audience participation Hellenic sales up by 75% in first nine months The Greek operator reports a rise in sales for the first three quarters of the year Summers promoted to managing director at Norwich airport Deputy managing director Elliott Summers will take charge of the 2009/10 budgeting process when he replaces Richard Jenner in January About Us | Terms & Conditions | Privacy Policy | © 2008 Metropolis Business Publishing