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Lagardère Group embarks on travel retail and publishing expansion

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 ...

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Dufry re-elects Members of the Board

Dufry, the Swiss travel-retail giant, held its Ordinary General Meeting (OGM) this week where it re-elected members of its board of directors. The Board of Directors’ proposals to re-elect Juan Carlos Torres Carretero as member and Chairman of the Board of ...

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Global expansion for Stylenanda following acquisition by L’Oréal

L’Oréal has said it is looking to go global with Korean make-up and fashion company Stylenanda after acquiring 100% of the company. Most famous for the make-up brand 3CE, which accounts for 70% of its business, Stylenanda’s distribution model includes ...

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ADP Q1 retail revenue rises 3.4%; spend per pax down 1.4%

A positive retail performance contributed to Groupe Aeroports de Paris (ADP) posting consolidated revenue growth of 37.3% for the first quarter of 2018. Retail revenue for the airport operator saw positive growth of 3.4% in the three-month period, increasing from ...

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Travel retail boosts Estée Lauder’s “excellent” Q3 sales growth

The Estée Lauder Companies has reported strong financial results for the third quarter, ended 31 March 2018, with net sales increasing 18% to $3.37bn. Excluding the impact of foreign currency translation, net sales increased 13%. President and Chief Executive Officer ...

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Huge sales surge for Jordanian Duty Free Shops

Jordanian Duty Free Shops has reported a 21.9% increase in sales for the first quarter of 2018. The operator of 16 land and sea border stores in the kingdom saw total sales of JD26.38m ($37.18m) of sales in January, February ...

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Bacardi completes acquisition of Patrón Spirits

Bacardi Limited has announced today the completion of its acquisition of Patrón Spirits International and its super-premium tequila brand Patrón. The transaction, which was announced in January, makes the family-owned company the sole owner of Patrón Spirits. It further builds on ...

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Rapid retail revenue rise for Heathrow in Q1

Higher retail spending has helped London’s Heathrow airport post strong revenue for the first quarter of 2018. The airport’s revenue over the first three months of the year was £680m ($934.89m), a 3.8% increase on the £655m seen for the ...

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