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The top news in global travel retail last week was Dufry’s strong first half results, with revenues of the newly integrated company(Dufry & Autogrill) reaching US$6.5 billion, and organic growth up more than 30%. Story begins on page 1 and continues on pages 3 & 4.
As part of its forward momentum, Dufry also officially announced las week that it had retained nearly all of its airport concessions in Spain, encompassing about 120 outlets in 21 airports. More details on Page 3.
The Canadian border stores are also in the news, as the Frontier Duty Free Association calls on Canada’s Federal government to drop its repayment requirement of the emergency CEBA loan it provided border operators during the 20-month border closure between the U.S. and Canada during the COVID-19 pandemic. Page 1.
PEOPLE
Revlon names a new CEO. Debra Perelman is stepping down as president and CEO of the beauty company to be succeeded by Elizabeth (Liz) Smith as Interim CEO. Page 2.
Greg Hughes has been named the new Global President & CEO at Beam Suntory. Page 2.
David C. Stewart, a true spirits industry legend, has been appointed Honorary Ambassador for The Balvenie, as Kelsey McKechnie takes on the full role of Malt Master. See more details on Stewart’s remarkable 60-year career on page 2.
NUMBERS
The U.S. National Travel and Tourism Office is now reporting air traveler stats on a quarterly basis for the first time and has launched two new websites to provide ongoing information. Read more on page 4.
TFWA World Exhibition:
COUNTDOWN TO CANNES
TFWA has now unveiled the Social calendar for Cannes 2023. Page 4.
SUPPLY SIDE NEWS
Marcolin introduces Augmented Reality for training and to enhance the customer experience. Page 5.
In more Marcolin news, its Tom Ford eyewear brand has teamed up with
Dufry to stage a special personalization experience at Heathrow Airport. Page 5.
Remy Martin launches a new Louis XIII coffret that combines luxury, elegance and sustainability. Page 5.
U.S. watch company E. Gluck Corporation will showcase its new Anne Klein Gemstone Collection at this year’s TFWA World Exhibition. Page 6.
CONFECTIONERY
Ricola – which says that 2022 and 2023 have been its best years in Travel Retail to date – is bringing new innovations to Cannes. Page 6.
Belgium chocolate house Leonidas has appointed former Godiva executive Wendy Beelen as Sales Manager for Travel Retail. Page 6.
