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Travel Retail and tourism in the region are showing signs of recovery.
Dufry Group released its first quarter 2017 earnings results, showing organic growth at a very healthy 7.2% increase.
Dufry Group CEO Julian Diaz has expressed confidence in the good start for the year. Story on page 1.
Carnival Corp. has signed a deal with the government of the Bahamas to build a major new cruise port facility on Grand Bahamas Island, the largest purpose-built cruise facility ever constructed in that country. Page 1.
Duty Free Americas’ CEO Jerome Falic tells TMI all about the two new luxury retail concepts the company is developing in New York JFK Airport Terminal 7 as part of British Airways’ $65 million redesign of the terminal, its US flagship airport. DFA also opened the first Kate Spade travel retail boutique in a North American airport, at Dallas Fort Worth, last week. Page 2.
The latest Duty Free World Council KPI Monitor report underlines the importance of differentiation and pricing in travel retail. Story on page 4.
Edrington buys back The Glenrothes from Berry Bros. & Rudd. Page 3
Haleybrooke International is representing Red Eye Louie’s Vodquila in Travel Retail. Page 4.
US actress Kristen Stewart has been named the face of the campaign for Chanel’s new Gabrielle fragrance. Page 3.
Marcolin signs JV with Rivoli Group in the Middle East. Page 5.
Congratulations to TFWA’s Erik Juul-Mortensen who was named Best Business Event Champion at this year’s Singapore Tourism Awards.
See more details on page 1.
Speaking of Kate Spade, on Monday luxury handbag company Coach announced it will acquire the Kate Spade brand in a deal worth $2.4 billion.