The Travel Markets Insider newsletter is attached to this letter as a PDF file. To open the PDF file, please click here
In today’s newsletter, Travel Markets Insider is very proud to feature an in-depth interview with Tax Free World Association President Philippe Margueritte, who speaks with TMI’s Michael Pasternak about his goals for the Association and his view of the future of the industry.
Margueritte says that innovation, collaboration and market intelligence are critical for a “brighter” travel retail future. See full interview on pages 1 & 2.
TMI is also very proud to lend its support to the KickCancerThon, an industry-wide fundraising and visibility campaign for cancer research organized by the Moodie Davitt Report’s founder, Martin Moodie, and his daughter, Sinead Moodie. Sinead – who is the Moodie Davitt Report’s Chief Operating Officer – is suffering from a rare and aggressive lung cancer, which has spurred the initiative. Please see pages 1 & 3 for details, or click here.
In more Association news, the next TFWA president election will take place in December.
TMI has also prepared a calendar of industry events for 2026. Page 2.
In one of the biggest brand stories of the year, luxury house Kering announced it was selling its beauty business, including Creed, to L’Oréal for 4 billion euros ($4.6 billion), only two years after launching their in-house division. The two French giants also announced they were forming a 50/50 partnership to pursue new beauty and wellness projects. Page 3.
TARIFFS AND TRADE WARS
U.S. spirits exports are suffering, says DISCUS, declining sharply in the mid-year, especially in key markets including the EU, Canada, the UK, and Japan. See details on page 4.
SUPPLY SIDE
IGL and ARI sponsor Quebec Golf Tournament for charity. Page 5
Duty Free Global announces partnership with Loch Lomond Group. Page 5.
Chivas launches transparent Crystalgold. Page 6.
Haleybrooke International to represent New Zealand’s Strange Nature Gin. Page 6.
LMVH reports 3Q return to growth; DFS improves. Page 6.
