South American Duty Free Association, ASUTIL, and CEFSU, the Chamber of Uruguayan Free Shops, held a two-day virtual conference on Nov. 24-25, that examined new opportunities arising from the opening of duty free shops on the Brazilian border, during which government officials unveiled increased duty free allowances and details of new store openings. Originally planned […]
border stores
Uruguayan border stores begin slow recovery
In spite of closed borders throughout Latin America, several duty free stores are continuing to operate on the Uruguay – Brazil border. The stores on the Uruguayan side of the border are looking after the shopping needs of their Brazilian customers, who reside in neighboring twin towns immediately adjacent to their Uruguayan border. The depressed […]
Montico makes a Smart move to assist new operators as dozens of new Brazilian border stores may open
Looking for a “Smart” way to get products into the new Brazilian border stores? Well-known Montevideo-based duty free executive Marcelo Montico has established Smart Duty Free, a new distributor targeting companies looking to enter the Brazilian border stores as well as other regional travel retail operators in Latin America. Smart will target the new border […]
Top Brands International buys Neutral Duty Free
Panamanian company Top Brands International has just announced that it has acquired Neutral Duty Free, the largest duty free chain in Uruguay, employing more than 500 staff across its nine locations. No financial details were released. With this acquisition, Top Brands surges to become one of the largest duty free operators in the region, with […]
