The Shilla Duty Free resumes expansion plans shelved during pandemic
The Shilla Duty Free is resurrecting plans to expand international that were put on hold during the pandemic, according to a report published by TR Business. The South Korean firm has its eye on strategic locations across the Americas and Europe.
Korea’s duty free players see Q1 sales surge as the industry rebounds
Korea’s top duty free companies have all seen a strong Q1, thanks to more countries opening borders to visitors post-COVID, according to a report by Pulse News.
LVMH Beauty names Matheo Dizel GM, Travel Retail Europe
LVMH Beauty has announced the appointment of Matheo Dizel to the new role of General Manager, Travel Retail Europe, according to a report published by Fashion Network. Dizel is stepping up from his current role of Travel Retail Europe at Parfums Christian Dior.
China Tourism Group Duty Free Corporation FY2022: profit plunges 47.95 percent
China Tourism Group Duty Free Corporation has reported its preliminary results for fiscal 2022, according to a report published by China Travel News. The parent company of China Duty Free Group saw profit plunge 47.95 percent yoy to CNY5.025 billion after the now-lifted COVID-restrictions wiped out travel for the bulk of the year.
L’Oréal teams up with Tripadvisor to boost travel retail
L’Oréal has partnered with Tripadvisor in a bid to drive awareness of the French beauty giant’s travel retail offer, according to a report published by TR Business.
Hong Kong issues green bonds as China prepares to open borders
The Airport Authority of Hong Kong is offering a five-year green tranche as well as three-year, seven-year and 10-year notes to fund its planned expansion as China prepares to lift the travel restrictions that have been in place since the start of the pandemic, according to a report published by Bloomberg.
Benamor to supply products to TAP Air Portugal
Portuguese beauty brand Benamor has partnered with TAP Air Portugal and will supply the airline with toiletries for its business class amenity kits and lounge as well as hand soap for aircraft, according to a report published by Simple Flying.
Dufry Q3 2022: travel back in business with summer sales boost
Dufry has reported its results for the third quarter of fiscal 2022. The travel retail operator said that sales soared 58.6 percent yoy in the three months to September 30, 2022, to CHF 2115.2 million, bringing the nine-month total to CHF5.037.6, up 98.8 percent on the same period last year.
The Estee Lauder Companies names VP/GM Travel Retail Southeast Asia
The Estee Lauder Companies has named Bart Dubbeld Vice President / General Manager of its Travel Retail Southeast Asia division, effective immediately.
Hope on the horizon for Japanese department stores as travel restrictions lifted
Shares in Japanese department stores started to climb after the country announced an end to travel restrictions that have been in place since the start of the pandemic, according to a report published by Bloomberg.
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