Latin America

Abdul Waked sues the U.S. to show charges against him

Panamanian newspaper La Prensa last week reported that Grupo Wisa duty free operator Abdul Waked, who was accused of activities related to money laundering and drug trafficking by the United States in May, has filed a lawsuit against the Office of Foreign Asset Control (OFAC) of the U.S. Department of the Treasury. La Prensa said […]

Duty Free Americas – now second largest TR retailer in Brazil – opens store in São Paulo-Congonhas Airport

DFABrazil1

Duty Free Americas (DFA), which says it is now the second largest travel retailer in Brazil, announced today the opening of a 9,500 square foot travel retail store at São Paulo-Congonhas Airport. DFA will operate the store under a 10-year concession with Infraero, the Brazilian government corporation responsible for managing Brazil’s major airports. São Paulo-Congonhas is a […]

Mercosur members clash over Venezuela presidency

The founding members of South American trade block Mercosur are embroiled in a serious controversy entailing the presidency of the group. Mercosur operates on a rotating presidency and at the end of July when Uruguay completed its six-month Mercosur presidency, Venezuela was slated to assume the post. However, Brazil. Argentina and Paraguay are strenuously challenging the […]

Flemingo leaves Asuncion

Duty free retailer Flemingo has sold its Asuncion departure and arrival stores in Paraguay. TMI understands that the stores have been sold to GDF, a Georgian border shop operator. Flemingo won a 4 year contract to operate the stores in the renovated international wing of Paraguay’s leading international gateway at Silvio Pettirossi International Airport in July 2014.

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, […]

Dufry welcomes new world class shopping at Lima Duty Free

LimaDutyFreeinaugurationslider

From the multi-colored striped lights of the MAC boutique that beckon to travelers passing through immigration, to the specially curated selection of products for transit passengers at the far side of the store, Dufry’s $7 million renovation of the Lima Duty Free stores at Jorge Chavez International airport in Peru is a world class addition […]

Actium to manage Americas business for select Emperador spirits brands

Miami-based Actium Group has announced that it will manage the Americas business for the portfolio of brands recently purchased by Emperador Inc. from Beam Suntory, which includes Fundador, the Philippines’ best-selling premium imported brandy, Terry Centenario, Spain’s #1 selling brandy; Tres Cepas, the #1 brandy in Equatorial Guinea, and Harveys Sherry, including Bristol Cream. Beginning […]

Goslings Rums partners with MONARQ for LA and Caribbean

  Goslings Rums has formed a regional partnership with the MONARQ Group. MONARQ will represent Goslings in Latin America and the Caribbean for both duty free and domestic beginning July 1, 2016. Goslings Brothers Ltd is Bermuda’s oldest business house and largest exporter. Since 2004, Goslings Rums has been spearheading a major international expansion of […]

Panama’s long-awaited canal expansion opens for business

    Panama opened the long-delayed US$5.4 billion expansion of its shipping canal on Sunday,inaugurating the interoceanic waterway and ushering in a new era in global trade. The Chinese container ship “Cosco Shipping Panama” entered the Agua Clara lock on the Atlantic side at 7:50 a.m. to begin the first crossing of the 50-mile-long waterway. It was […]

Travel Markets Insider © 2017