Dufry & Hellenic Duty Free Shops strike key 30-year retail contract at 14 Greek airports

GREECE. Dufry division Hellenic Duty Free Shops has struck a 30-year agreement with Fraport to operate retail stores at 14 Greek airports. The deal will see space more than doubled from the current 5,000sq m to over 12,000sq m across the airports.

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Julián Díaz: Pride in a key extension

The agreement will take effect upon the start of the concession agreement between the Greek State and Fraport Greece, the latter having been awarded the operation of several Greek airports. These include Thessaloniki, Aktion, Mykonos, Zakynthos, Kavala, Corfu, Kefalonia, Kos, Lesvos, Rhodes, Samos, Santorini, Skiathos and Chania.

With the agreement, Hellenic Duty Free Shops continues its long-standing operations at the 14 airports. The agreement also adds considerable floor space landside. The expansion and improvement of the retail spaces is set to start in 2017 and be completed in 2021.

Fraport Greece Executive Director of Commercial & Business Development George Vilos stated: “The 14 airports are gateways to some of the most important Greek and world-famous destinations.

“Fraport Greece’s investment plan for the development of the 14 airports includes a significant increase in commercial areas, as well as the improvement of the passengers’ overall travel experience. Thus, the airports will respond to the expected increase in traffic and offer an experience equivalent to the value and image of the destinations. Towards achieving these goals, the Hellenic Duty Free Shops are a valuable partner.”

Hellenic Duty Free Shops Managing Director Giorgos Velentzas added: “We are thrilled to partner with Fraport Greece on their goal to bring customer service at 14 airports to another level. The year-long presence of Hellenic Duty Free Shops in the Greek travel retail sector and our experience of the needs of the travelers in our country, combined with the know-how of Dufry, make us the ideal partners for Fraport Greece and their plans to upgrade the facilities and the commercial spaces of the airports.

“We are jointly planning the development of the airport’s retail areas aiming at significantly expanding our shops to provide travellers with a completely new shopping and service experience. By introducing state-of-the-art retail concepts and shop designs we will increase the visibility of Greek products and provide a distinctive sense of place, thus promoting the Greek culture throughout the world.”

Dufry CEO Julián Díaz said: “I am very proud to announce this important extension agreement in one of the world’s most important tourist destinations and I would like to thank Fraport Greece for the trust in Dufry. This agreement fosters our longstanding cooperation and excellent relationship with Fraport, which spans across successful partnerships and operations in many countries around the globe.”

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