TOP 10 OPERATORS 2018 1: DUFRY
Looking for the un-blocked version?
Dufry has decided to delist itself from the Brazilian Stock Exchange.
“Dufry’s decision to terminate the BDR Program and to cancel Dufry’s registration as a foreign issuer in Brazil…aims at reducing costs and operational complexities affecting the company, and concentrating the trading of Dufry’s securities on the SIX Swiss Exchange.”
Dufry Spokesperson
well as double-digit growth in the Middle East, Jordan, Kuwait, Bali, Cambodia, Indonesia, Macau and South Korea. North America turned in a
strong performance, with organic growth up 7.7% to CHF896.6m driven by a combination of solid
passenger growth, productivity and strengthened duty paid and duty free retail concepts. In Latin America, organic growth
of +4.2% owed much to sustained returns from Central America, Mexico and the Caribbean, alongside the Dominican Republic, Jamaica and Dufry’s cruise business. However, gains in Ecuador and
SUBSCRIBER ONLY CONTENT
20th Anniversary Edition Official Partner
Hudson secures LaGuardia DF&TR contract
Dufry-owned Hudson Group expanded its footprint at LaGuardia Airport (LGA) winning a Terminal B retail package in August. The agreement is for space in the eastern concourse of the reimagined Terminal B. Spanning 1.3msq ft, the new terminal
Subscribe to TRBusiness magazine to receive a digital copy of the TRBusiness Top 10 International Operators 2018.
is part of an $8bn overhaul of the entire airport. The state-of-the-art facility has 35 gates as well as 25 retail and food offerings. The contract, awarded by terminal
operator LaGuardia Gateway Partners, sees Hudson design the first FAO Schwarz airport and travel destination store of its kind, featuring signature FAO Schwarz toys and games. News of the opening comes after
Contact:
janice@trbusiness.com
Hudson struck a deal with FAO Schwarz earlier this year to open branded outlets across US and Canadian airports. Brands represented will also include
FAO Schwarz store rendering. 14 TOP 10 OPERATORS
independent New York book-seller McNally Jackson, the company’s Hudson travel essentials and convenience label,
LaGuardia Dufry Duty Free and MAC. Domestic passengers can choose
from an assortment of fragrances and cosmetics, fashion accessories and confectionery, while international pax will be able to shop for tobacco and wines and spirits. Each offering takes inspiration from
the New York experience, featuring famed New York businesses and a mix of regional and national brands that passengers are looking for. The new concepts are the result of
a meticulous selection process, using consumer feedback to bring world- renowned brands and New York City favourites to Terminal B and create local jobs in Queens.
OCTOBER 2018
Peru where offset by sales declines in Argentina, Brazil, Chile and Uruguay [in contrast to 2017 results] due to the devaluation of their respective currencies against the US dollar. Speaking of the company’s
interests in South America, Dufry confirmed to TRBusiness in August
that it had made the decision to delist from the Brazilian Stock Exchange and revealed that it had taken steps to do so. In August, Dufry submitted a
proposal to discontinue its Brazilian Depositary Receipt program and once terminated, Dufry says it will ‘take measures required to cancel its registration with the Brazilian Securities Commission as a category A, foreign issuer, as well its listing with B3’.
Reducing ‘complexities’ “Dufry’s decision to terminate the BDR Program and to cancel Dufry’s registration as a foreign issuer in Brazil took into consideration the low liquidity of Dufry’s BDRs and aims at reducing costs and operational complexities affecting the company, and concentrating the trading of Dufry’s securities on the SIX Swiss Exchange,” the company said in a statement. Interestingly,it was the company’s
home market of Switzerland – as well as Scandinavia and the UK – which contributed towards organic growth of +3.3% (H1 2018) in a more stable performance from the UK and Central Europe region to CHF910.1m. Meanwhile, the gradual recovery
of tourists to Turkey and Greece resulted in marginal organic gains of +0.5% to CHF833.1m in the Southern Europe and Africa zone. The FX translation effect during
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104
