The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.
TMI is very honored to lead off this week’s issue with an in-depth interview with Motta Internacional CEO Erasmo Orillac. The respected executive discusses the critically important duty free tender at Panama’s Tocumen International Airport, among other developments, and shares some candid observations about the process. Story begins on page 1.
More Airport News.
DFA pushes its Brazil expansion by opening two new duty free stores in Salvador airport. Page 2. This is the latest store openings in the Americas for the travel retail powerhouse, which has become the second largest airport travel retailer in Brazil over the past two years. For more news on DFA’s expansion in Brazil, please click here.
Delta Airlines gets the green light to proceed with its new $4 billion, 37-gate terminal at New York’s LaGuardia International Airport. When completed, the new facility will boast 30% more space for concessions. Page 3.
Fast growing Denver International Airport continues its rapid development, announcing four new international destinations over the past three months. Details on page 3.
Two North American airports - Detroit Metropolitan and Salt Lake City - were among the five inductees in ACI’s prestigious Director General’s Roll of Excellence for 2017. Page 3.
Supply Side News.
TMI sends a very special congratulations to family-owned spirits company Waldemar Behn, which is celebrating its 125th anniversary this year. The owner of such travel retail favorites as DANZKA Vodka and Dooley’s Cream Liqueur, Waldemar Behn has produced a charming film of the company history and insights, which can be viewed here.
The Sunglasses Awards for 2017, which are awarded annually at Cannes during the TFWA World Exhibition, has opened for entries by retailers and airport authorities. New this year, the sponsors have added a new category for the best digital initiative. Full details on page 4.
LVMH reported an excellent first half with all product groups and geographic areas performing well. Page 4.
Michael Kors buys Jimmy Choo for $1.2 billion. Kors says it sees the acquisition as the opportunity to grow the luxury shoe-maker to $1 billion in sales.