DFASS Group has purchased the ownership interests held by former joint venture partners in the Dallas Fort Worth International Airport (DFW) duty free concession. The purchase, announced on Oct. 2, gives privately held DFASS Group full majority interest in the TRG Joint Venture (TRG), with no change in the ACDBE partners.
The purchase indicates the Group’s strong commitment to invest in airport retail in the Americas to become an industry leader in the region, complementing their ongoing global leadership in inflight duty free retailing, says DFASS.
The DFW Duty Free concession, won by the DFASS led partnership TRG Joint Venture in 2015, has won several industry awards for the main duty free store’s impressive layout, brand lineup and use of technology to attract the modern traveler. The facility, the largest duty free store in the Americas, offers travelers an experiential shopping environment that integrates world class retail, exclusive high-end local brands, excellent service, innovative technology and world-renowned art in one location.
“DFASS, via the TRG Joint Venture, is proud to operate the duty free concession in Dallas Fort Worth International Airport, one of the world’s premier airports, and we are glad to solidify our long term strategy in DFW through our ongoing investments, including the purchase of original TRG joint venture partners’ shares,” explained Vice Chairman Roberto Graziani. “DFASS is committed to ongoing investments in airport retailing in the Americas to regularly update the shopping experience for the traveler through retail innovation and customer service.”
For over 30 years, DFASS Group has been a pioneer and leader in inflight duty free retailing, and in recent years has grown their footprint in ground store duty free and specialty shops in airports throughout the Americas, giving DFASS a growing impact in global travel retail. Today’s announcement confirms the company’s commitment to invest and expand their business in airport retail, making use of the most innovative technologies and retail activities to surprise, pamper, and best serve their customers.