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Duty-free industry worth $68.6bn in 2017

Tax Free World Association (TFWA) President Erik Juul-Mortensen has revealed the much-anticipated figures from Generation Research, which show the duty-free industry’s performance in 2017. Revealing the preliminary findings at the TFWA Asia Pacific Exhibition & Conference in Singapore, Juul-Mortensen said ...

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Virgin Atlantic and DFASS magazine wins design awards

A magazine designed by UK creative firm Identity, in partnership with inflight retail specialist DFASS UK and Virgin Atlantic, has received two Platinum awards at the 2018 International Hermes Creative Awards for the second year in succession. The inflight publication, Retail ...

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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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Victorinox to launch new watch models into travel retail

Victorinox, the brand famed as the maker of the original Swiss Army Knife, has made new additions to its watch portfolio with a plan to launch them into travel retail later this year. The brand’s staple watch range, the I.N.O.X ...

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Asia Pacific leads DFWC Q1 KPI Monitor satisfaction index

Duty free in Asia Pacific is leading global passenger satisfaction rates across various criteria, according to the Duty Free World Council’s (DFWC’s) quarterly KPI Monitor, produced by Swiss research and consultancy agency m1nd-set. The region scored 67% in Q1 2018, ...

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New campaign to promote Jägermeister in airports

Mast-Jägermeister is rolling out a new-look airport activation programme for its flagship liqueur brand in key airport locations in Europe, as well as other major cities around the world this spring. This builds on the momentum Jägermeister is experiencing in the ...

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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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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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MITR appoints three new members to senior leadership team

Mars International Travel Retail (MITR) has made three new key appointments to its leadership team. Raghav Rekhi has joined the division as category director, and will lead, guide and develop MITR’s marketing team. He has almost 20 years’ experience with ...

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