Dufry receives antitrust approvals for world duty free acquisition. The acquisition of the majority stake of the duty free and duty paid operation at vnukovo airport is an important step as it allows us to considerably strengthen. Thanks to an amazing group of talented team members, world duty free wdf is the market leader in uk airport retail. World duty free synergies in our financials, and re turned to. Within wdf its a challenging role but ultimately a very rewarding role. The transaction further enhances our global position and with a market share of 24% in airport retail, we plan. Dufry will publish its first quarter trading update on may 12, 2020, and there will be a conference call held by dufry at 14. Dufry operates over 2200 duty free and duty paid shops located at airports, cruise liners, seaports, and other touristic. This time of the year reminds me how lucky i am to work for dufry.
Mar 30, 2015 dufry ag has fleshed out plans for its takeover of italys world duty free spa wdf, as the swiss company seeks to consolidate its position as the biggest player in the fastgrowing airport. Mar 01, 2020 i have been working at world duty free fulltime for more than 10 years pros great company to work for, fantastic team, airport environment is an always changing,always interesting place to work in. The article reports on opening of retailer world duty free group wdfgs store at belem international airport in brazil and also mentions the opening of travel retailer dufry groups stores at brasilia international airport as of may 2014. As previously reported the holding company acquired by the benetton family to purchase a 50. Merger regulation control of the whole of the undertaking world duty free s. All content is posted anonymously by employees working at dufry. Besides the integration of world duty free, dufrys fo cus was twofold in 2016. Dufry says this was a transformational year with the additional acquisition of world duty free, although its contribution was obviously only consolidated from august of last year. Dufry acquisition of world duty free creates travel retail. Aug 11, 2015 dufry announced on august 7 that it closed the acquisition of the 50. Dufry to focus on absorbing nuance, damping takeover talk. Mar 28, 2015 switzerlands dufry has agreed to buy a majority stake in world duty free in a deal which values the italian firm at 3.
Dufry ag is a swissbased travel retailer operating around 2,200 duty free and duty paid shops in airports, cruise lines, seaports, railway stations and central tourist areas. While acquisitions added most to our growth in the past, we. We know that your time is worth gold, and even more so when you travel. The company, headquartered in basel, employs almost 36,000 people and operates in over 65 countries worldwide. The competition department of the european commission has cleared the planned acquisition of milanlisted world duty free by its larger swiss rival dufry without taking the process to a second more rigorous stage. Shop online for perfumes, food and liquor at helsinki duty free shops and collect your shopping at the airport. Dufn is a leading global travel retailer operating around 2,200 duty free and duty paid shops in airports, cruise lines, seaports, railway stations and downtown tourist areas.
View nitin kumars profile on linkedin, the world s largest professional community. European commission clears dufrywdf deal duty free news. The company gives us a gift card for thanksgiving shopping, organizes a wonderful lunch for halloween, invites us to an elegant dinner and party in a 5 star hotel and gives us an amazing christmas basket. Aug 08, 2015 dufry closed the acquisition of the 50. World duty free wdf is owned by dufry and, thanks to an amazing group of talented team members, we are one of the worlds leading players in airport retail. Nov 02, 2015 with the acquisition of the nuance group in 2014 and of world duty free group in 2015, dufry has more than doubled its turnover and its ebitda, increased its presence into 17 additional countries and 836 new retail locations, while the number of employees grew from over 16,000 to over 31,000. Swiss company dufry has secured a deal to acquire a 50.
Aldeasa began retailing in spanish airports in 1976. Mac is at the forefront of fashion trendsetting, collaborating with leading talents from fashion, art and popular culture. Mar 30, 2015 switzerlands dufry ag plans to acquire italian rival world duty free spa for 2. Qatars qia to partly fund dufry s purchase of wdfsources. Dufry has signed an agreement to acquire the remaining 49% equity stake of hellenic duty free from folli follie group following its earlier deal struck in april this year to acquire 51% of the same company. Dec 18, 20 the acquisition of the remaining 49% of hellenic duty free allows us to achieve further synergies on the operational level and generates financing savings of approximately chf 10m per annum. See the complete profile on linkedin and discover nitins connections and jobs at similar companies.
Dufry successfully closes acquisition of regstaer vnukovo. The world duty free acquisition reinforces dufry s leadership in travel retail. For dufry, the potential acquisition would be its second major transaction in less than a. Dufry announces that it has entered into a binding agreement with edizione s. With folli follie group joining as a longterm shareholder of dufry, we further strengthen our core shareholder base. Wdfg and dufry kickstart brazil ventures ahead of world cup.
Jun 04, 2014 london dufry, the operator of dutyfree and other airport retail locations, said on wednesday that it would pay 1. Dufry has confirmed that it has signed an agreement to acquire 100% of the nuance group for chf 1. Dufry said to be in talks to buy retailer world duty free. On august 07, dufry closed the acquisition of the 50. As part of dufry, we have over 2,200 shops in 63 countries employing 31,000 staff servicing the shopping needs of 100s of millions of passengers.
Dufry confirms landmark world duty free group purchase. Dufry ag is a swissbased travel retailer which operates dutyfree and dutypaid shops and. Dufry is a global travel retailer with operations in 64 countries. Dufry said today that its integration of the nuance operation has resulted in a transformational year for the retailer in many ways. Under eu merger regulation rules, the european commission has given the deal a green light on the grounds that the concentration of market power by dufry. Dufry successfully closes the acquisition of the 50. Mar 29, 2015 the acquisition of world duty free is dufrys second large deal in less than a year. Dufry acquires remaining 49% stake of hellenic duty free. Dufry to acquire world duty free airport revenue news arn. Switzerlands dufry ag plans to acquire italian rival world duty free spa for 2. Swiss travel retailer dufry is buying rival nuance for 1.
Mar 30, 2015 travel retailer dufry group has confirmed its entry into a binding agreement with edizione. The rating actions follow dufry s announcement to acquire world duty free group wdf, which is subject to shareholders and antitrust approvals, and reflect the resultant increase in leverage. With decades of hudson experience, our executives provide with the skills and knowhow to succeed in the industry. Nitin kumar school counselor dufry do brasil duty free. Zurichdufry ag, the swiss operator of dutyfree and airport retailers, is paying 1. Mac is the world s leading professional makeup authority because of our unrivalled expertise in makeup artistry.
China hna group mulls stake in swiss airport retailer dufry. Swiss airport retailer dufry ag said it has agreed to buy italys world duty free spa in a deal that values the latter at about 3. The folli follie travel retail business is the leading travel retailer in greece with 111 shops, more than 18,000 square meters of retail space and an attractive concession portfolio with a long duration. A new travel retail era begins as dufry closes world duty. Subsidiaries, hudson, world duty free, nuance, hellenic duty free shops, reg staer, duty free uruguay, duty free argentina, colombian emeralds. The acquisition of world duty free is dufry s second large deal in less than a year. Mac, carolina herrera, victorias secret, shiseido, lindt, godiva, johnnie walker, chivas, absolut, tanqueray, jbl, lacoste and desigual, among others. From may 12 th to 15 th, the world duty free store in barcelona hosted the presentation of mac s fruity juicy collection, designed for this springsummer season, with a dj and models animating the makeup sessions offered to passengers. Upon closing of acquisition of edizione stake, launch of all. Dufry has won a new three year concession contract at singapore changi airport to operate 4 new shops in the terminal 2 departure hall for a total sales area of 563 m2.
The company, headquartered in basel, switzerland, operates in over 60 countries worldwide. Exclusive mac products in hongkong duty free duty free shops. Reuters dufry to buy airport retailer world duty free. Travel retailer dufry ag plans to buy rival world duty free group from owner edizione srl in a debt and equity deal including a rights offering announced sunday that values the target company at. Jun 04, 2014 dufry has confirmed that it has signed an agreement to acquire 100% of the nuance group for chf 1. Shares in world duty free which operates 495 stores in 98 airports including londons heathrow and gatwick closed at 10. Dufry will pay total consideration of 328m chf401m through a combination of cash and shares for the leading travel retailer in greece. Dufry gains 93% as wdf gets closer to delisting travel. Swiss group dufry snaps up italian rival world duty free. Dufry group and hudson won new retail concession contracts at minneapolisst. Dufry forecast the purchase will boost cash earnings per share by a doubledigit percentage in the second year after the acquisition.
Switzerlands dufry has agreed to buy a majority stake in world duty free in a deal which values the italian firm at 3. Dufry ag is a swissbased travel retailer which operates duty free and duty paid shops and convenience stores in airports, cruise lines, seaports, railway stations and central tourist areas. Advent international to acquire majority stake in dufry. The shops are expected to be opened sequentially as of march 2020. The parties 2 dufry is a global travel retail company which operates retail outlets in airports and other transport hubs.
Schema34 holdings, creates an extraordinary travel retail supergroup responsible for around onefifth of sector sales. Dufry to acquire world duty free group koreas shilla group buying ring a 60% stake in schiphol that it had entered into a binding dufry has entered into the time said in the deal, dufry agreed to ton family, and fully diluted share capital of representing a premium of about \. The transaction was unconditionally approved by all relevant antitrust authorities. Mac is a proud community of professional makeup artists working together to bring our vision to life. The hudson brand is wellpositioned to drive longterm stakeholder value and is situated in a continuously growing industry. Dufry has successfully closed the acquisition of the 60% stake of regstaer vnukovo announced earlier in june 2019. Dufry successfully completes the acquisition of the. Dufry s first duty free border shop in brazil covers 850 m2 of retail space and offers customers a wide assortment of the main traditional duty free product categories, featuring worldwide renowned brands, such as. A wdf, italy by way of purchase of shares dufry and wdf together the parties. Dufry ceo and world duty free chairman julian diaz will be a standout speaker at next months trinity forum in hong kong on 1618 september. Spain is the first country in europe to begin the tour, and it does so in world duty free stores, the.
Qatars qia to partly fund dufrys purchase of wdfsources. The leadership team works together with a core set of values to drive culture and purpose in our. Dufry, hudson group among winners of 50 new food and retail. Mar 30, 2015 switzerlands dufry ag agreed to buy a majority stake in italian airport retailer world duty free spa for 1. Media release basel, november 8, 2019 dufry successfully closes acquisition of regstaer vnukovo dufry has successfully closed the acquisition of the 60% stake of regstaer vnukovo announced earlier. L edizione, dufry has received, by august 06, 2015, the unconditional approval by antitrust authorities in all relevant markets where the transaction had to be filed. Aug 08, 2015 this acquisition will allow us to create additional value for our shareholders. Mac celebrates diversity and individuality we are for all ages, all races, all genders. Following completion of the transaction with edizione, dufry will launch a mandatory tender offer for the remaining 49.
Dufry is a global travel retailer with operations in 58 countries. We developed a strong portfolio of longterm concessions with airport authorities and other landlords. World duty free wdf, a dufry company, is one of the world s most popular travel retail brands, operating mainly in airports and with a broad geographical reach, from its heartland in western europe, to the americas, the middle east and asia. The binding agreement covers the entire interest held by schema34 in world duty free s. Mar 30, 2015 dufry to acquire world duty free dufry announces that it has entered into a binding agreement with edizione s. The swiss luxurygoods maker, whose brands also include montblanc, on friday disclosed a 5 percent stake in dufry ag, the worlds largest dutyfree retailer. Shop online at helsinki duty free duty free helsinki.
World duty free group was created after the autogrill group, the old parent company, acquired and integrated the business lines of aldeasa, world duty free and alpha group, which were complementary in terms of market segment and geographical regions. Dufry was already ahead of the rest in fact, dufry was already the leading international duty free retailer i. Dufry operates around 1700 shops located at airports, cruise liners, seaports, and other touristic locations. On april 22nd, dufry completed the transaction to acquire 51% of the travel retail business of folli follie group. Dufry and world duty free confirmed late last night that dufry now holds the equivalent of 93. Dufry reports that it closed the acquisition of the initial 50. On behalf of the whole dufry team, i warmly welcome all our new world duty free colleagues. Media release basel, march 28, 2015 dufry to acquire world duty free not for distribution in the united states, canada, brazil, japan or australia. Dufry has unveiled a corporate rebrand as organic growth slides in the first nine months of 2015, with turnover increasing 43. This announcement brings the total acquisition of world duty free wdf by dufry that much closer to the expected delisting of wdf, as it is absorbed into dufry ownership. Dufry group announces new organizational structure duty. Richemont buys 5 percent stake in dutyfree retailer dufry.
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