Reuters has announced that Argentine billionaire Eduardo Eurnekian is considering listing his Corporacion America in a $1 billion listing on the New York Stock Exchange. Corporacion America, a holding company for businesses ranging from infrastructure to technology, includes Aeropuertos Argentina 2000, which operates 33 airports around the country, including Buenos Aires’ main international airport, Ezeiza, […]
Argentina
Argentina: lifting of currency restrictions should spur tourism
Europe could be seeing an influx of visitors from Argentina now that the new Government has lifted currency restrictions and the artificial exchange rate, which were limiting inbound and outbound travel, according to London-based JacTravel. The agency is forecasting steady growth of Argentine tourists in the coming months as the changes kick in. “Travel to […]
Argentina’s new president ends restrictions on buying/selling dollars and reverses other currency controls
John Gallagher reports. Since Mauricio Macri, the Centrist-leaning Mayor of the city of Buenos Aires, won Argentina’s second-round runoff election on November 22nd to become the country’s next president, Argentines have been expecting major changes in fiscal and business regulations, including steps to improve relations with foreign creditors and the U.S. Macri narrowly won with […]
L’Oréal TRAM and Dufry engage Americas’ passengers with Polo Red Panamerican racing challenge
L’Oréal’s Travel Retail subsidiary in the Americas (TRAM), in partnership with Dufry Group, embarked on a month-long, ground-breaking animation for its best- selling Polo Red franchise in September. The Ralph Lauren experience animation was TRAM’s first digital pan-American competition using Facebook targeted to airport passengers. Since its launch in 2013, Polo Red has been […]
Downturn in Latin America impacts entire region
Enjoying nearly 10 years of uninterrupted economic growth, the duty free business in Latin America reaped the benefits of growing economies throughout the region. Indications of a slowdown surfaced more than a year ago. Raw material prices, a principal element in Latin American exports, have been falling since early in 2014, leading to currency instability […]
L’Oréal breaks new frontiers with Haircare & Professional Products
London Supply opens first Kérastase Travel Retail Salon in Americas, with Dermacenter to follow as travel retail and domestic markets join forces to recruit new customers. Lois Pasternak reports. L’Oréal’s Active Cosmetics Division is all about differentiation and bringing a unique offer to the consumer, says Jose Luis Lacunza, Division Manager of Active Cosmetics & […]
