The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.
Travel Markets Insider is very sad to report that “Captain” Robby Hamaty, one of the most beloved and respected businessmen in the Caribbean, died in a Miami hospital on Saturday morning. Robby Hamaty was a visionary entrepreneur who founded the iconic Tortuga Rum Company and its best-selling rum cakes, and was a fierce supporter of his Cayman home and family. See more on page 1.
FAIRN & SWANSON
The Chapter 7 bankruptcy petition filed by Fairn & Swanson on June 2, 2020, which calls for liquidation of the 70-year-old company, could have a devastating and far-reaching impact on dozens of the company’s suppliers, which are owed millions of dollars. Page 1.
DFWC RETAIL PROTOCOLS
The Duty Free World Council has issued its Global Retail Recovery Operating Protocols for Duty Free and Travel Retail. The protocols – developed from input based on an industry survey — are specific to airside stores at airports, but contain elements that are applicable in other channels as well. Page 1.
AIRPORTS IN THE NEWS: NEW YORK LAGUARDIA
New York LaGuardia International Airport opened the new Arrivals & Departures Hall in Terminal B this weekend, a major milestone in the $5.1 billion transformation project, overseen by lead equity investor Vantage Airport Group. Page 2.
SUPPLY SIDE NEWS
Dario Pastorelli and Anna Zordan report that IFE Luxe Group has added top-of-the-range Italian jewelry brand Rebecca from Industrie Testi Spa to its watch and jewelry distribution portfolio. Read more on page 3.
B-F’S Jim Perry to take a new senior corporate role. Page 3.
Fiscal 2020 results: Travel Retail practically at a halt in 4Q from COVID pandemic. Page 4.
B-F sells Early Times, Canadian Mist and Collingwood to Sazerac. Page 4