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Today’s issue of Travel Markets Insider takes a look at some of the exciting new store openings and concession wins from Canada to South America.
Avolta has been particularly busy in the region, unveiling the first of several new stores planned in Toronto Pearson International Airport that offers a collection of Canadian-made and international brands. See page 4.
Avolta also announced a major duty free concession win in Santiago de Chile International Airport (page 2) and an extension/expansion of its concession contracts at four airports in Mexico with Grupo Aeroportuario Centro Norte (OMA), page 4.
VENEZUELA
In another very positive endeavor, Giromondo Group, under owners Ricard Guasch and Alessandro Battellino, celebrated the grand opening of their new Dôme duty free store in Caracas’ Maiquetía International Airport (also known as Simón Bolívar International Airport) on June 20th. The new store will showcase national and international products and symbolizes the Group’s confidence in Venezuela’s future, say the owners. Full story on page 2.
AIRPORTS/TRAVEL
In a huge development at Miami International Airport, officials on June 24th broke ground on Concourse K, the first new terminal expansion at the major hub since 2012. See preliminary details on page 1.
Continuing our look at declining air travel to the U.S., our lead story of the week is m1nd-set’s report on the “Tailwinds & Turbulance” facing inbound travel to the U.S. in 2025 and its impact on travel retail. However, with record numbers of U.S. citizens traveling abroad, m1nd-set reports some surprisingly positive observations. Page 1.
PEOPLE
Frédéric Chevalier has been appointed CEO of Lagardère Travel Retail, alongside Dag Inge Rasmussen, effective July 1st, 2025.The appointment was made on the recommendation of Dag Inge Rasmussen, who has led the company since 2011 and remains Chairman & CEO of Lagardère Travel Retail. Further details on page 3.
IN THE TMI SPOTLIGHT: HENDRICK’S GIN
Hendrick’s shines with sunset-inspired activations for Sunspell Gin at JFK and LAX airports. Page 5.
Hendrick’s also continues to charm with its latest limited edition gift pack: The Whimsical Watering Can! Page 5.
IN THE TMI SPOTLIGHT: FENTY BEAUTY
Essence Corp this month opened the 20th and 21st doors for Fenty Beauty in the Caribbean, in St. Lucia with Avolta at Castries Duty Free, and in St. Thomas, with Image’s Luyx Duty Free. Page 6.
Beauty Shorts
Puig has begun a pre-launch for the new Carolina Herrera La Bomba perfume, which will only be in airports worldwide before its global launch later this summer. See a sneak peek on page 6.
Coty for sale? Coty Inc. is reportedly exploring a potential sale of its business, according to WWD and multiple stories in the beauty press. Early discussions are said to involve divesting both Coty’s Luxury and Consumer beauty divisions. See more on page 6.
