The ratings agency highlights Avolta’s strong organic revenue growth and improved profitability in 2023, its business combination with Autogrill plus its commercial competitiveness.
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European tourism markets will miss out on more than €1.6 billion of spending from visitors due to tax refunds being paid digitally rather than in cash, according to Prosegur ChangeGroup.
Rémy Cointreau Director Nordics Elsebeth Lillienschiold takes over the role as Chair from Travel Retail Norway’s Haakon Dagestad.
Welcoming the agreement, the joint venture partnership (formed by the combination of Lagardère Travel Retail Pacific and Australian travel retailer AWPL in January 2022) pledged to deliver ‘next-generation’ travel essentials stores.
The new name – inspired by a bird (the Osprey) renowned for its speed, endurance and far-sighted vision – was revealed by CEO Avishek Bambii Das at a landmark event hosted by the travel retailer just before the APTRA India Conference began. UPDATED STORY.
The event is set to take place on 19-20 June at the Hilton Corferias in Bogotá, and it will be once again managed by the Tax Free World Association.
Running from 18 March to 14 April, the annual event showcases a dazzling variety of CDFG-exclusive brands, limited-edition timepieces, bestsellers and rare masterpieces taking centre stage across six of the retailer’s stores in Hainan province.
The partnership will cover around 800sq m of duty-free space within the Passenger Terminal building, as well as around 75sq m in the freight terminal.
Wangfujing Duty Free honoured International Women’s Day (8 March) by launching its second Perfume and Cosmetics Festival at Wangfujing International Duty-Free Harbour City in Wanning, Hainan province.
The conference will feature a panel session titled ‘The Americas – Change and Promise’, which will focus on the evolving duty free and travel retail market in the region.
This marks the first time that the organisation’s supplier partners have seats as voting members of the Board of Directors.
This edition leads on the theme of inspiring inclusion, which reflects this year’s campaign title for International Women’s Day.