Luryx Duty Free, owned by Top Brands International, has won the new duty free tender at Paraguay’s Silvio Pettirossi International Airport in Asuncion. Under the new structure, the duty free will be run exclusively by one operator. In the past, three different operators were competing against each other: Mannah Duty Free, Golden Duty Free and Luryx.
The 10-year concession contract covers 1800 sq.meters, of which 1,300 sq. meters will be devoted to a true walk-through store in the departures area and 500 sq. meters for a walk-through arrivals store, Danny Yohoris, Top Brands International president tells TMI. Top Brands had acquired the Bright Star concession at Asuncion in 2017.
The airport is planning to undergo a US$200 million expansion and modernization project beginning later this year.
In related news, Yohoris confirmed that Marcelo Montico has joined Top Brands International as CEO to head up the former Neutral stores along the Brazil/Uruguay border, which are now branded as ‘Neutral by Luryx’. Top Brands acquired the Neutral business in July.