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Dufry continues to announce new developments following the “transformational acquisitions of Nuance and World Duty Free,” and this past week unveiled a new corporate logo and branding strategy, which it says will better reflect the three established corporate cultures and well-recognized duty free brands that now make up its entity.
The announcement came on the back of solid nine month earnings, which Dufry Group CEO Julian Diaz said makes him confident on the resilience of the Dufry business model. “Our strategy of diversification has prepared Dufry to mitigate temporary disturbances in specific markets, while benefiting from the positive long term trend in travel retail,” he said. More on the story on page 1.
Miami International Airport also reports exceptional results for the third quarter of 2015, and kicked off the final part of the year with new carriers, new routes, new super-jumbo service. See pages 1 & 2.
Coty Inc. – which is expected to close on its acquisition of the P&G beauty brands in the second half of calendar 2016, subject to regulatory clearances – last Monday announced that it is acquiring Brazilian beauty and personal care company Hypermarcas. See page 2.
SPOTLIGHT ON LATIN AMERICA. Uruguay’s Melancia Mall opens, with mega-stores La Riviera (Grupo WISA) and Neutral unveiling stunning retail offers unique in the region. See story on page 4.
In more news from Grupo WISA, the company’s La Riviera Foundation has signed a letter of intent to renovate a school in Colon, Panama. And congratulations to London Supply whose Duty Free Shop Puerto Iguazú won the 2015 Frontier magazine award for Best Land-based Border/Downtown Retailer of the Year. Page 4.
SUPPLY SIDE. New bottle from Stoli; Bottega wins Frontier’s Supplier of the Year award; Johnnie Walker leads Scotch recovery in travel retail’s top 100; Ardbeg whiskies named Whisky Advocate’s best value; Patrón Spirits announces new TR exclusive bottle size; Crystal Head Vodka releases duty free exclusive miniature set. Pages 2-5.
Porthole Cruise magazine announces the winners of its 2015 Readers’ Choice Awards. See highlights on page 1.