UK brings back duty free shopping
The UK’s new finance minister, Kwasi Kwarteng has announced that he intends to reverse the previous chancellor’s decision to end duty free shopping, according to a report published by Reuters.
China Tourism Group Q2: revenue plummets as a result of lockdowns but hope on the horizon as cases drop
China Tourism Group saw revenue plummet 38 percent yoy to CNY10.868 million in the second quarter of the financial year as a result of China’s continuing lockdowns, according to an article published by Moodie Davitt Report.
The Estee Lauder Companies announces new Travel Retail leadership appointments
The Estee Lauder Companies has announced that Patrick Bouchard has been promoted to Senior Vice President / General Manager, La Mer and Le Labo, Travel Retail Worldwide, effective immediately and that Eric Lee has been appointed to SVP, Business Development and Strategy, Travel Retail Worldwide, effective September 6.
Duty-free retailer Dufry agrees to purchase Italian airport caterer Autogrill
Duty-free retailer Dufry has agreed to acquire Italian airport and motorway caterer Autogrill, with Italy’s Benetton family, Autogrill’s largest investor, transferring its 50.3 percent stake to Dufry, according to Reuters.
Beekman 1802 opens LaGuardia store
Beekman 1802 has opened its second Kindness Shop in the newly renovated LaGuardia Airport Delta terminal.
Bring back tax-free shopping pleads luxury alliance
A group of some 250 luxury British brands is petitioning the UK government to bring back tax-free shopping, according to a report published by Bloomberg.
Dufry announces strong FY21 results; reports 57 percent organic growth 
Travel retailer Dufry has reported strong recovery in FY21, reporting organic growth of 53.2 percent and adjusted operating profit of CHF 374.9 million.
Shilla 4Q21: sales up 34 percent as travel retail bounces back
The Shilla Group has reported its interim results for the fourth quarter of fiscal 2021. The Korean travel retail and hotel operator saw revenue grow 34 percent yoy to reach KRW1,129.9 billion.
Sisley and Air France open exclusive spa at Paris Charles de Gaulle
Air France and Sisley have cut the ribbon on a new spa located at the airline’s La Premiere Lounge in Paris’ Charles de Gaulle airport.
The Estee Lauder Companies names VP and GM, Travel Retail EMA
The Estee Lauder Companies has promoted Umair Ansari to Vice President and General Manager, Travel Retail Europe, Middle East and Africa, effective January 1, 2022.
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