The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link. This week the TMI Spotlight is squarely on Latin American operators. In news breaking early this morning, Dufry and DFASS officially announced the award of the operation of the duty free shops at Bogota’s El Dorado International […]
Travel Retail
Dufry/DFASS joint venture wins new concession in Colombia
Dufry and DFASS have been awarded the operation of the duty-free shops at El Dorado International Airport, Bogota. The 10 years concession agreement signed with the airport operator, Opain S.A., will comprise close to 2,200 sqm of total retail space. El Dorado International Airport is the largest airport in Colombia and the main international […]
Eyewear giants Luxottica and Essilor to merge
Two of the largest eyewear companies in the world have announced that they are merging, which will create a “global integrated player” of major proportions. Italy-based Luxottica and France’s Essilor announced the deal—worth approximately $16 billion according to published reports — on Monday. Essilor International today reported that it had reached a share exchange with […]
Travel Markets Insider Newsletter Vol. 18 No. 26
The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link. This week TMI is all about PEOPLE. Edrington Global TR announces a change in leadership with “Tellis” Baroutsis and Igor Boyadjian moving up to new positions. Godiva promotes three of its staff in TR […]
Big changes ahead for ASUTIL and IAADFS events as groups announce collaboration
The South American Duty Free Association, Asociacion Sudamericana de Tiendas Libres (ASUTIL), and the International Association of Airport and Duty Free Stores (IAADFS) today announced a new collaborative partnership for their annual events. The two associations will fully integrate their events in March 2018, when they will introduce a Summit of the Americas. The new […]
US$10 billion upgrade unveiled for New York JFK
New York Governor Andrew Cuomo has announced a $10 billion plan to significantly upgrade and improve New York City’s JF Kennedy International airport. Addressing the Association for a Better New York on Wednesday, Gov. Cuomo presented a vision plan to transform JFK International Airport into an airport “equipped to meet the demands of the 21st century.” Based […]
Travel Markets Insider Newsletter Vol. 18 No. 25
The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link. I must start this issue of TMI by sending our deepest condolences to the victims of the terrible shooting attack that took place at Ft. Lauderdale International Airport on Friday afternoon. Not only did it take […]
Travel Markets Insider Newsletter Vol. 18 No. 24
The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link. As we close out 2016, TMI takes a look at three elegant, high-profile venues and events that graced travel retail in the Americas this month. And we take a moment to wish all […]
DANZKA Vodka goes Blue Chip: The travel retail favorite premium vodka sponsors exclusive FWA event at NASDAQ’s New York headquarters
The launch of DANZKA Vodka in the United States received a prominent boost this month, when the brand sponsored the annual charity holiday benefit for the prestigious Financial Women’s Association (FWA) in New York City on Dec. 5. There DANZKA held an exclusive tasting event with two DANZKA cocktails specially created for the occasion. The […]
Reports hint Mondelez could be acquired by Kraft Heinz
Is Mondelez going back to its Kraft roots? Bloomberg News and Ad Age, citing unnamed sources, reported this week that food company Kraft Heinz Co. is rumored to be taking over the confectionery company that once belonged to its Kraft side of the business. Shares of Mondelez International spiked as much as 12% last Wednesday after a […]
Erik Juul-Mortensen re-elected TFWA president
Erik Juul-Mortensen has been re-elected president of Tax Free World Association for a further year. The election, which took place during the quarterly meeting of the TFWA Management Committee on December 9, in Lisbon, was unanimous. Juul-Mortensen said: “This is an exciting time for the industry and for TFWA. In 2017, we will be progressing […]
Travel Markets Insider Newsletter Vol. 18 No. 23
The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link. DFA continues to open new airport venues across Brazil, the most recent being a 2,400 sq. foot duty free store in the departures area at Manaus International Airport, its second store of three planned […]
2017: Year of the Bulldog
Look out for Bulldog gin in the Americas in 2017. This summer Bulldog created an Americas division, responsible for the development and execution of the brand’s commercial strategy in the US, Canada, Mexico, Latin America, and the Caribbean, with a particular focus on the on-premise. And now the fastest growing premium gin in the world (IWSR) has […]
Norwegian Cruises and Royal Caribbean get permission to sail to Cuba from the US
Norwegian and Royal Caribbean Cruises have received approval from the Cuban government to start sailing from the US to Cuba. Carnival Corp. has been sailing to Cuba under its Fathom brand since May. Switzerland-based MSC Cruises also sails to and from Havana with its MSC Opera, but does not market to Americans. Norwegian’s Marina, part of its […]
One on one with Enrique Urioste: Immediate Past President ASUTIL & CEO Neutral Duty Free
October ushers in “big win” for Uruguay border duty free as Mercosur economies start to recover The business on the Uruguay border is showing encouraging signs of recovery after taking a deep nosedive over the last year. “The industry on the border in Uruguay closed the year minus 50%, and we (Neutral) closed minus 44%. We […]
