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 […]

Dufry opens five Hudson concept stores at RIOGaleão

Dufry has opened the first five stores of its Hudson convenience store concept at RIOGaleão (Tom Jobim International Airport). Three of the Hudson stores are in Terminal 1 and two others are in Terminal 2. The Hudson duty-paid convenience stores offer a broad selection of travel-related essentials including confectionery, personal care items, souvenirs, electronics and […]

Jose Carlos Rosa takes top job at Lojas Francas

Jose Carlos Rosa has been appointed Chief Executive Officer of Lojas Francas de Portugal (LFP), the joint venture company owned by TAP Air Portugal and Dufry. Rosa took over the top job at LFP at the beginning of February, from Nuno Amaral, who stepped down last year. The capital of LFP is shared by TAP […]

Norwegian Cruise Line Holdings targets Brazil for growth

Norwegian Cruise Line Holdings Ltd. announced this week that it was establishing a local sales, marketing and reservations center in Sao Paulo, Brazil “to support the growing demand for cruise travel in the region.” NCLH acquired Firstar Representacoes, the local representative for Norwegian Cruise Line and Oceania Cruises in Brazil. The company will have its […]

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