Financial News

Korean travel retail giant Lotte Duty Free has confirmed to DFNI it is considering acquiring JR/Duty Free, which has extensive operations across Australia, New Zealand and Israel. The company has appointed Samjung KPMG to facilitate the possible purchase. The news was ...

DFNI has dropped anchor in Rome for its Cruise & Ferry Retail Conference, On the Crest of a Wave. See below for live updates from Digital & Asia Editor Liam Coleman as a stellar line-up of industry experts from the maritime ...

WHSmith has revealed its travel business has continued to drive growth for the British news, books and convenience retailer in the third quarter of the year. In its financial results for the 13-week period from 1 March to 2 June, the ...

The Irish Duty Free Alliance (IDFA) has today released the results of an economic study which outlines the “significant commercial opportunity” offered by the return of duty and tax-free sales between the United Kingdom and Ireland post-Brexit. The new research, ...

Singapore Myanmar Investco (SMI) has reported a rise in revenues to US$23.99m for the 12 months to March 31 2018, up 3% on the previous year, largely thanks to increased sales of luxury and lifestyle retail and the expansion of ...

AS Tallink Grupp, the Estonian provider of mini-cruises and passenger transport services, has today announced to the Tallinn Stock Exchange that it plans to undertake a secondary listing of the company’s shares on the Nasdaq Helsinki Stock Exchange. The estimated effective date ...

Ryanair has reported a 10% increase in full-year post-tax profit to €1.45bn ($1.71bn), helped by record ancillary spend – which includes inflight retail – up by more than 4% per customer. The performance was also boosted by lower fares (down ...

The parent company for The Shilla Duty Free, Hotel Shilla, has revealed the South Korean duty-free retailer’s revenue increased 29.5% year on year compared to the first quarter of 2017. In the first three months of 2018, Shilla’s duty-free business ...

Duty-free sales in Canada/US border stores and in Canadian airports have seen significant across-the-board growth during March 2018, according to new figures released by the Frontier Duty Free Association (FDFA). Overall sales in border shops on the Canadian side of the US-Canada border for ...

Lagardère Travel Retail has revealed each of its regional divisions saw year-on-year growth in the first quarter of 2018. In the financial results for its parent company, Lagardère Group, for the first three months of 2018, Lagardère Travel Retail posted ...

Growth in both Copenhagen Airport’s non-aeronautical business and passenger numbers have helped the airport to increase revenues by 1.7% in the first quarter of the year. Passenger traffic at the Danish airport was up 0.4% on the same period in 2017 ...

A significant rise in passengers numbers at the six major international airports overseen by Airports of Thailand was the main driver in its non-aeronautical revenues for the second quarter (ending 31 March 2018), which increased by 11.37%. This figure was ...

Dufry subsidiary Hudson Group, the North American travel retailer, has reported a year-on-year increase of 9.2% in turnover (US$427m) for the first quarter of 2018. Total Q1 net sales of US$415m produced organic sales growth (a combination of like-for-like sales ...

Dufry has posted turnover of CHF1.82bn ($1.81bn) for the first three months of 2018, an organic year-on-year increase of 7.1%. The strong turnover figures are just the beginning of a very positive set of results for Dufry, with the retailer also ...

Lagardère Group is set for “historic change” as it prioritises its focus on its core businesses of travel retail and publishing, General and Managing Partner Arnaud Lagardère (pictured above) declared during the company’s 2018 Annual General Meeting held on 3 ...