Argentina

Currency crisis in Brazil and Argentina

Buenos Aires-based John Gallagher looks at the economic situation in Latin America and studies how recent currency fluctuations are affecting the duty free business.   Currency devaluations in Brazil and Argentina in May and June have led to severe currency fluctuations in both countries, with an overspill that impacts all facets of their economies including […]

AA2000’s 15 billion Arg. Peso renovation underway at Ezeiza

Rendering of the exapnded Ezeiza International Airport under construction by operator AA2000, Corporacion America, and the Argentine government.

Aeropuertos Argentina 2000 (AA2000) has held the concession to manage the principal airports in Argentina since 1998. Controlled by the powerful Buenos Aires based conglomerate Corporacion America, which is owned by Argentine entrepreneur Eduardo Eurnekian, AA2000 is part of a group that manages airports in Italy, Brazil, Ecuador, Italy and Armenia. In Argentina, AA2000 controls […]

Is Latin America’s economic crisis over?

John Gallagher reports from Buenos Aires. As we head into the last quarter of 2017, travel retail suppliers and operators in Latin America are asking if the tentative economic recovery of the first half year is here to stay. Brazil The fall in raw material prices in early 2014 and Brazil’s massive Lavajato corruption scandal brought about […]

London Supply celebrates 75th birthday and looks forward to growth

by John Gallagher Argentina-based independent travel retailer London Supply is celebrating its 75th birthday this year. The company started out as a classical ships supplier working out of Buenos Aires port provisioning foreign vessels with Argentina manufactured products free of taxes and duties. London Supply still offers ship supply today but now services 19 ports […]

Corporacion America eyes NYSE listing

Reuters has announced that Argentine billionaire Eduardo Eurnekian is considering listing his Corporacion America in a $1 billion listing on the New York Stock Exchange. Corporacion America, a holding company for businesses ranging from infrastructure to technology, includes Aeropuertos Argentina 2000, which operates 33 airports around the country, including Buenos Aires’ main international airport, Ezeiza, […]

Argentina’s new president ends restrictions on buying/selling dollars and reverses other currency controls

John Gallagher reports. Since Mauricio Macri, the Centrist-leaning Mayor of the city of Buenos Aires, won Argentina’s second-round runoff election on November 22nd to become the country’s next president, Argentines have been expecting major changes in fiscal and business regulations, including steps to improve relations with foreign creditors and the U.S. Macri narrowly won with […]

L’Oréal TRAM and Dufry engage Americas’ passengers with Polo Red Panamerican racing challenge

  L’Oréal’s Travel Retail subsidiary in the Americas (TRAM), in partnership with Dufry Group, embarked on a month-long, ground-breaking animation for its best- selling Polo Red franchise in September. The Ralph Lauren experience animation was TRAM’s first digital pan-American competition using Facebook targeted to airport passengers. Since its launch in 2013, Polo Red has been […]

Downturn in Latin America impacts entire region

Enjoying nearly 10 years of uninterrupted economic growth, the duty free business in Latin America reaped the benefits of growing economies throughout the region. Indications of a slowdown surfaced more than a year ago. Raw material prices, a principal element in Latin American exports, have been falling since early in 2014, leading to currency instability […]

L’Oréal breaks new frontiers with Haircare & Professional Products

London Supply opens first Kérastase Travel Retail Salon in Americas, with Dermacenter to follow as travel retail and domestic markets join forces to recruit new customers. Lois Pasternak reports. L’Oréal’s Active Cosmetics Division is all about differentiation and bringing a unique offer to the consumer, says Jose Luis Lacunza, Division Manager of Active Cosmetics & […]

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