Pernod Ricard to acquire Castle Brands

Pernod Ricard has entered into an agreement to acquire Castle Brands for $223 million. Under the terms of the merger, Castle Brands shareholders will receive $1.27 in cash for each share of Castle Brands stock they own. Pernod Ricard will add drinks brands Jefferson’s Bourbon, Gosling’s rum, Brady’s Irish Cream, the Arran Single Malt Scotch […]

Enhancing the sparkle in Swarovski’s travel retail business

Austrian crystal house Swarovski has reconfirmed that travel retail is a strategic priority for the company and has spent the last year reorganizing and strengthening its TR team across the globe, reports Claudia Heskier Schioenning, VP Travel Retail & Global Accounts, who assumed full operative and executive responsibility for the travel retail channel in June […]

Iguazu airport begins first intercontinental flights

Argentine President Mauricio Macri on Friday, August 23, “christened” the first intercontinental flight from Puerto Iguazu International Airport, as Air Europa officially inaugurated flights from Iguazu to Madrid, Spain. This is a milestone event for the airport, which in 2018 surpassed a million passengers in one year for the first time.  The airport is operated […]

Travel Markets Insider Newsletter Vol. 20 No. 36

The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link. Five years after the original legislation was passed by the Brazilian Parliament, the first Brazilian border store operated by a major operator has officially opened. Global travel retailer Dufry inaugurated an 850 sqm retail shop in the border […]

Travel Markets Insider Newsletter Vol. 20 No. 35

The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.   South American Duty Free Association ASUTIL this week revealed more details about the regional meeting it will hold to help operators and suppliers best develop the business in the new stores authorized on the […]

Brown-Forman and MONARQ Group enter into Caribbean distribution partnership

Brown-Forman and MONARQ Group have entered into a regional distribution partnership in which MONARQ will represent the Brown-Forman portfolio in 16 Caribbean markets, effective July 1. “We are enthused to welcome MONARQ to the Brown-Forman family and look forward to working closely together to continue to grow our brands in these important Caribbean markets. Given the importance of the territory we took time […]

Little Switzerland expands with new Breitling, TAG Heuer and Patek Philippe openings as islands recover from hurricanes

  Little Switzerland, one of the most important luxury retailers in the Caribbean, is expanding its footprint in the region with several new branded boutiques for Breitling and TAG Heuer, as well as a Patek Philippe Showroom in St. Thomas. As the largest authorized retailer of luxury timepieces in the Caribbean, the company recently opened […]

Grenada boosts its image as the Caribbean’s luxury destination with careful tourism development

  Mega yachts in secluded ports, 5 Diamond properties, world class boutique hotels, award winning beaches, private islands, waterfalls, rain forests filled with exotic spice trees, thriving agriculture, and unspoilt dive sites– Grenada fully delivers on its reputation as the luxury destination in the Caribbean. Home to some of the top-rated and most luxurious hotels […]

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