Financial News

(22-Aug-2005) More local products are to be included the tax-refund scheme in a bid to encourage tourism

(26-Jul-2005) The drinks company becomes the world's second-largest wines and spirits supplier after the landmark acquisition

(25-Jul-2005) The group's Selective Retailing division, including DFS Group, delivers strong organic growth in the first half of the year

(19-Jul-2005) Abu Dhabi Duty Free's new Bin Sina pharmacy has enjoyed impressive growth since opening late last year

(15-Jul-2005) UAE. Dubai Duty Free has reported half-year sales of $283m, up by 19% on the same period last year

(15-Jul-2005) UK. Passengers spend more on duty-free than any other airport expense, according to a new UK survey commissioned by Morgan Stanley Consumer Banking

(15-Jul-2005) SWITZERLAND. Despite the disappointment of losing the bid for Aldeasa, Swiss travel retailer Dufry Group posted strong sales growth in 2004 and is continuing to look for opportunities to expand, the company told DFNI

(15-Jul-2005) Swedish analyst Generation has hailed the travel-retail industry's 2004 performance as its best in 20 years. Last year's recorded sales increase of $4.5bn—more than 22%—is certainly encouraging. But a closer look shows a more complex picture

(15-Jul-2005) Miami-Dade county commissioners have claimed that a rejected retail management contract would have left the airport with an annual revenue shortfall of $2m

(15-Jul-2005) The UK group's chairman has said the company's growth is in line with expectations as he hails a "remarkable" retail performance