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We start this week’s issue with the very sad news of the passing of one of the travel retail industry’s pioneers. Fred Rosenberg, who along with Herman Greenbaum opened International Shoppes’ first store in New York’s Idlewild Airport (now JFK), passed away at the end of September at the age of 92. Fred’s children and grandchildren, along with Herman’s offspring, are still running the company today.
See further details on page 1.
Turning our attention to Colombia, Dufry and DFASS celebrated the grand opening of ten new stores at Bogota’s famed El Dorado International Airport, introducing state-of-the-art retailing concepts to both international and domestic passengers. Read the story on page 1.
In more news from Colombia, Mexican airport group ASUR has received regulatory approval to acquire a majority stake in one of the two airport groups it was attempting to acquire. In April, ASUR had announced plans to invest in Colombia’s Airplan and Aeropuertos de Oriente groups, each of which has concessions to operate six airports in various cities throughout Colombia. At this time, only one of those deals has been approved. See details on page 2.
SUPPLY SIDE FEATURE: The Macallan
Edrington has introduced a new travel retail exclusive range for Macallan called The Macallan Quest Collection, with special events in both Cannes and Miami. Macallan credits its renowned quality, flavors and aromas to the “exceptional” oak casts that it uses to produce its “precious” whisky, and The Macallan Quest Collection tells the story of the pursuit of the sherry seasoned oak casks that define it. Read more on page 3, Inside Insider.
In the Boardroom
Coach, Inc. has changed its name to better reflect its current portfolio and the growth it expects to achieve in the future. See more on page 4.
NOTE: Duty Free Americas asks the industry to Save the Date for its next charity Golf Tournament, which is scheduled to take place on February 1, 2018 in Miami.
TMI will present a full roundup of news from Cannes and updates on the recovery efforts in the Caribbean in upcoming issues.
