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 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 has opened its second Kindness Shop in the newly renovated LaGuardia Airport Delta terminal.
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.
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.
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.
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 has promoted Umair Ansari to Vice President and General Manager, Travel Retail Europe, Middle East and Africa, effective January 1, 2022.
Shiseido has reported a Q3 net sales rise of 13 percent, with global growth driven by Americas, EMEA and travel retail offsetting challenges in Japan and China.
Beiersdorf has reported its results for the third quarter and first nine months of financial 2021. The German manufacturer of Nivea saw ‘strong sales improvement’ with sales growth of 12 percent to €5.8 billion exceeding the pre-COVID levels of 2019.