The Travel Markets Insider newsletter is attached to this letter as a PDF file. To open the PDF file, please click here
TMI SPECIAL REPORT
DUFRY AND AUTOGRILL JOIN FORCES TO REDEFINE TRAVEL EXPERIENCE GLOBALLY AND CREATE A “WORLD CHAMPION” IN THE SECTOR
With the news on July 11 that Edizione S.p.A., the majority shareholder of Autogrill S.p.A., has signed a strategic agreement with Dufry Group, travel retail can be on the verge of a major transformation.
Dufry, global leader in Travel Retail, and Autogrill, global leader in Travel Food & Beverage (F&B), are combining to create a new, integrated global Travel Experience player that the companies say can “redefine the travel experience globally.”
“The union between Autogrill and Dufry will allow the creation of the world champion in the sector, with a leadership position in different geographies and on different services…” commented Alessandro Benetton, Edizione’s Chairman, in the official Autogrill statement.
The new group will build a broadly diversified global platform “with a strong presence in the United States and Europe and a significant base in high potential Asian markets: this platform will benefit from significant opportunities for growth and synergies in cost” according to Autogrill.
In this special report, TMI presents highlights from Dufry’s presentation discussing the terms of the agreement, and the strategy behind the merger, including the opportunity to develop a holistic travel experience, and provide both companies with the means to meet key pillars of their growth strategy.
The entire travel retail industry will be closely watching the development of this giant new entity. Will we perhaps see a change in Dufry’s culture and approach to business with Autogrill as its largest shareholder?
As Alessandro Benetton comments: “In this new reality, Autogrill will play a leading role, bringing with it its values and corporate culture, particularly in the areas of sustainable development and innovation.”
See more details, including links to the full presentations, in the attached pdf.