CONTENTS
China continues domestic drive...83 New opportunities beckon in China’s diverse, yet highly regulated market, but as Charlotte Turner highlights, this could present problems to operators outside of the Chinese domestic scene.
SOUTH KOREA REPORT..............89-135
China’s reprisals impact Korea ... 89 South Korea’s duty free industry has entered a period of uncertainty as a dispute over the US THAAD missile system
continues between South Korea and China, as David Hayes reports..
Incheon Airport ........................... 91 As TRBusiness went to press, Incheon International Airport Corporation was assessing bids for the six recently tendered Terminal 2 concessions. David Hayes provides the detail.
Hanwha Group ............................125 Hanwha Group’s Galleria Duty Free is teaming up with travel agencies to attract more foreign travellers to its Daehan 63 store in Seoul. David Hayes reports.
SUBSCRIBER ONLY CONTENT
SM Duty Free ..............................131 SM Duty Free posted sales of $90m at Incheon Airport last year, but by contrast, the results from its Seoul downtown store were ‘disappointing’, says David Hayes.
BEAUTY IN ASIA PACIFIC.........137-145 SUBSCRIBER ONLY CONTENT
Lotte Duty Free ............................ 99 Uncertainty faces Lotte Duty Free as China reacts against the South Korean retailer’s move in the context of the THAAD missile crisis. David Hayes assesses the path ahead.
SUBSCRIBER ONLY CONTENT
Shilla Duty Free ..........................105 The Shilla Duty Free is pressing ahead with international expansion following a +10% sales increase in 2016. However, its domestic scene looks to be under pressure this year, says David Hayes
SUBSCRIBER ONLY CONTENT
HDC Shilla ...................................111 Shilla I’Park Duty Free, a joint venture of Shilla Duty Free and HDC Corporation, is looking to expand its luxury merchandising
SUBSCRIBER ONLY CONTENT assortment in 2017, reports David Hayes.
Shinsegae Duty Free ..................115 A $1bn-plus sales target is achievable for Shinsegae Duty Free this year, as it prepares to open its second Seoul donwtown duty free store according to David Hayes.
SUBSCRIBER ONLY CONTENT
Korea Airports Corporation .......121 State-run Korea Airports Corporation is preparing to commence a nationwide review of its airport duty free operations as part of a wider plan to boost revenues. David Hayes outlines the plans.
SUBSCRIBER ONLY CONTENT MAY 2017
Coty & P&G’s scent for No1 ........142 Coty completed the purchase of 41 P&G brands in October, creating the world’s number one fragrance company. Philippe Margueritte tells Doug Newhouse about the transformation.
BROWN SPIRITS REPORT..........147-171
Scotch whisky .............................147 Mixed results in the DF&TR Scotch whisky market in 2015 are underpinned by a -2.3% decline in sales, reports Doug Newhouse.
Irish whiskey ...............................150 The popularity of Irish whiskey is taking the entire brown spirits category in a new direction, says Luke Barras-Hill.
Profile: WG&S .............................152 Asia travel retail continues to boom in the regional stakes for William Grant & Sons. Luke Barras-Hill assesses current and future potential.
Profile: Pernod Ricard.................155 Pernod Ricard Travel Retail Asia Pacific’s Nodjame Fouad tells Luke Barras-Hill how the group’s single malt whisky portfolio continues to shine in the region.
Profile: Bacardi GTR....................170 Bacardi Global Travel Retail’s Aude Bourdier- Rocourt explains to Doug Newhouse why the company is more focused than ever on
promoting its premium quality age rums in global travel retail.
Counter Intelligence ...................173 Some of the best product launches, events and animations in May.
People News ...............................176
Now & Then .................................178 The Doug Newhouse column.
Insta-Growth for beauty in Asia...137 Perfumes & cosmetics companies in Asia Pacific have to entice and excite consumers through relevant activations, brands and communication to maintain momentum in the competitive marketplace, as Charlotte Turner reports.
Korea promise for Moroccanoil....141 Moroccanoil Vice President for Travel Retail, John Gates, tells Charlotte Turner that the South Korean market is offering new opportunities for the brand.
Profile: Brown-Forman...............156 Marshall Farrer, MD, Global Travel Retail Brown-Forman tells Charlotte Turner about some game-changing Scotch and Irish whiskey acquisitions waiting in the wings.
SUBSCRIBER ONLY CONTENT
Bourbon overview........................159 American whiskey, particularly bourbon, is carving a popular niche in travel retail, as Luke Barras-Hill reports.
Profile: Beam Suntory..................162 Suntory Group has plans to strengthen synergies between its various companies this year, which spells good news for the Beam division. Luke Barras-Hill reports.
Cognac overview..........................163 The Cognac category has been challenged in Asia at the premium end in recent times, although there are signs this is turning round. Doug Newhouse reports.
Profile: Rémy Cointreau Group.....164
Rémy Martin’s momentum in the Americas and increased private consumption in Greater China and travel retail spelled good news for the Rémy Cointreau Group last year. Doug Newhouse reports.
Rum overview.............................167 The travel retail dark and golden rum segment declined by -2.3% in 2016, according to the IWSR. Doug Newhouse assesses the category.
142 TRBUSINESS 17
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