Latin America And Caribbean News

(1-Apr-2004) URUGUAY. Duty Free Uruguay, concessionaire at Montevideo Carrasco airport, has unveiled plans for its new-look departures store at the airport, due to open in July

(31-Mar-2004) Kirk Freeport is getting ready to open the first phase of a 12,000sq ft (1,115sq m) store in Grand Cayman?s new Bayshore Mall

(31-Mar-2004) The duty-free business in Mexico is proving key to the growth of Aldeasa?s retail business in Latin America

(31-Mar-2004) A strong economic recovery in Latin America, led by renewed growth in Argentina and Brazil, has led to a boom in duty-free sales on the continent

(29-Mar-2004) Aeroboutiques de Mexico owner Areas has announced 2002-3 profits of Eu21.2m ($26.5m), an increase of 17.6% on the previous financial year

(29-Mar-2004) Fairn & Swanson retail division Baja Duty Free is planning its sixth shop along the US/Mexico border

(20-Mar-2004) Brazilian firm Grupo Sinergy hopes the $64m deal will boost its regional carrier Ocean Air and the struggling Colombian airline

(15-Mar-2004) Skincare brand Matis plans to increase its duty-free presence across the Americas in 2004 from its Brazilian base

(15-Mar-2004) When Miami International airport announced its $4.8bn capital investment programme in 1995, the airport's international traffic was booming and duty-free revenues topped $65m. Almost 10 years later, the value of the airport's duty-free business has almost halved. But property manager Adrian Songer tells Gavin Lipsith that when the programme is completed in 2007 the airport will be well placed for long-term growth.

(15-Mar-2004) Argentina's economy has taken a battering over the past few years. From the boom of the '90s to the bust of 2002, the country's duty-free operators have been dragged along in tow. But as stability returns, prospects for the sector are looking brighter. John Gallagher talks to operators London Supply and InterBaires.