Brazil

CCR Aeroportos signs contract with Cellshop for duty free operation at Foz do Iguaçu International Airport

CCR Aeroportos, the company that manages the Foz do Iguaçu International Airport, has signed a partnership with Cellshop Duty Free, the largest land border store in Brazil, for opening a Duty Free Shop at the airport. The store, which will cover nearly 800 square meters of space, will be located in the domestic departure and […]

Lancôme TR Americas and Dufry open Lancôme’s biggest flagship in South America

Lancôme Travel Retail Americas and Dufry have partnered to open Lancôme’s biggest flagship in South America. The 43sqm store opened at the international departures area of Terminal 3 of São Paulo International Airport (GRU Airport) on January 31, 2021. Lancôme’s new flagship features numerous eye-catching screens and embraces the values of the brand – joy, […]

Inaugural ASUTIL Border Conference examines new Brazilian opportunities

The first Latin American Border conference welcomed 170 registered delegates at the Sheraton Porto Alegre last week, who gathered to discover details of how the new land border duty free stores in Brazil will operate. The conference was jointly organized by South American duty free association ASUTIL and CEFSU, the Chamber of Uruguayan Free Shop […]

Latin America’s big economies falter: Brazil, Mexico and Argentina all contracting in first quarter

The International Monetary Fund cut its outlook for global growth to the lowest rate since the financial crisis in its latest outlook issued in April. The world economy will grow 3.3 % this year, down from the 3.5 % the IMF had forecast for 2019 in January, according to the latest World Economic Outlook. World trade, which had been growing at about 5%, expanded by 3.8% last year and is forecast to rise 3.4% in 2019. Latin America is particularly hard hit, […]