Givaudan reports ‘minimal disruption’ as sales rise 3.7 percent like-for-like in Q3
Givaudan has reported its results for the first nine months of 2020. The Swiss flavors and fragrances giant saw sales rise a respectable 3.7 percent like-for-like to CHF4,790 million, despite the ongoing GVC.
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La Prairie welcomes Coty exec to Vice President role
La Prairie has announced a reorganization of its board structure with the creation of a new Vice President role and reassignment of portfolios.
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Reach for the stars: Pola Orbis teams up with Ana Holdings to design cosmetics for space travel
Bringing a new meaning to travel retail, Japan’s Pola Orbis has teamed up with Ana Holdings to design a beauty range that will be billed as the world’s first space-friendly cosmetics line, according to a report published by the Japan Times.
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No more airport shopping: UK calls time on duty free
The UK government has announced that it will no longer allow VAT exemptions for goods purchased in the UK or at its airports, ports and Eurostar stations after January 1, 2021, according to a report published by The Independent.
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Abu Dhabi Duty Free launches home delivery
Abu Dhabi Duty Free has launched an online store allowing UAE residents to opt for home delivery, according to a report published by The National.
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Korean Air sells duty free arm to Hahn & Company for KRW990.6 billion
Korean Air has agreed to sell its inflight catering and duty free business to private equity firm Hahn & Company for KRW990.6 billion, according to a report published by CH Aviation.
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DFS Group acquires 22 percent stake in Shenzhen Duty Free Ecommerce Co
The DFS Group has acquired an 88 percent stake in Shenzhen Duty Free Ecommerce Co., which is majority-owned by Shenzhen Duty Free Group, according to a report by WWD.com.
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FY2020 will be ‘severely impacted’ by COVID-19, Shiseido warns
Shiseido has published its results for the second quarter of the year and it doesn’t look good for the Japanese cosmetics giant. Sales plummeted 34.4 percent yoy to ¥190.9 billion, Shiseido said, despite impressive growth in the e-commerce channel and a solid recovery in China prestige.
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Emirates tries to tempt travellers back with COVID cover
Emirates has unveiled a radical package for passengers in a bid to tempt people to take to the skies once more. The UAE-based airline will cover COVID-19 quarantine costs and medical expenses for all passengers and all destinations.
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XpressSpa files first quarter results as testing pilot launches at JFK
XpresSpa Group has published a business update and announced that it has filed its financial results for the first quarter of fiscal 2020.
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