Travel Retail and Duty Free Business Intelligence    Monday 30 March 2015

The Moodie Report India

Dufry-World Duty Free deal set to create US$8.1 billion market leader

Source: ©The Moodie Report - 30/03/15

INTERNATIONAL. “The acquisition of WDF is a truly unique and highly transformational transaction for Dufry and is equally a milestone for the travel retail industry overall.” Dufry CEO Julián Díaz hails his company’s swoop for World Duty Free Group, which will create a market leader with US$8.1 billion in sales and US$1 billion in EBITDA (based on 2014 figures). As well as bank financing, Dufry will be supported in the move by investors GIC (Singapore's Sovereign Wealth Fund), the Qatar Investment Authority and Temasek.

Bengaluru International Airport passes 15 million passenger mark

Source: ©The Moodie Report - 24/03/15

INDIA. Kempegowda International Airport, Bengaluru has surged through the 15 million passenger mark as its latest financial year draws to a close.

ARI names Montréal's Nivine Fahmi as Star Employee of the Year

Source: ©The Moodie Report - 20/03/15

IRELAND. Aer Rianta International has named its Star Employees of The Year, with Nivine Fahmi from ARI-North America (Montréal-Trudeau) capturing the top prize.

TFWA reveals Singapore conference and workshop programme

Source: ©The Moodie Report - 20/03/15

ASIA PACIFIC. TFWA has revealed the conference and workshop programme for this year’s TFWA Asia Pacific Exhibition & Conference (May 10-14).

Hyderabad International Airport hits ten million passenger mark

Source: ©The Moodie Report - 19/03/15

INDIA. Hyderabad Rajiv Gandhi International Airport has recorded a record high of ten million passengers in its latest financial year, which ends this month.

Live and online: The Moodie Report Print Edition for March/April 2015

Source: ©The Moodie Report - 19/03/15

INTERNATIONAL. Welcome to the digital, iPad-compatible version of The Moodie Report Print Edition for March/April 2015, available in full – editorial and advertising.

Autogrill revenues dip marginally in 2014 but EBITDA climbs

Source: ©The Moodie Report - 13/03/15

INTERNATIONAL. A strong showing from Autogrill’s International division (northern Europe, Middle East & Asia) partially offsets weaknesses in other markets.

APTRA launches Mandarin version of its website and newsletter

Source: ©The Moodie Report - 11/03/15

ASIA PACIFIC. The Asia Pacific Travel Retail Association has recognised the key role of Chinese consumers and retailers in the industry with a Mandarin website.

Delhi Duty Free launches NeroUno fragrance by Montegrappa in India

Source: ©The Moodie Report - 11/03/15

Inspired by Montegrappa’s NeroUno writing instruments, the fragrance collection for both men and women is now available in Indian travel retail through Delhi Duty Free.

World Duty Free Group posts double-digit revenue rise in 2014

Source: ©The Moodie Report - 11/03/15

INTERNATIONAL. World Duty Free Group (WDFG) revenues climbed by +15.8% year-on-year to hit €2,406.6 million in 2014 (+13.7% at constant exchange rates).

China remains number one nationality for tax free shopping spend in 2014

Source: ©The Moodie Report - 10/03/15

INTERNATIONAL. Chinese travellers grew their tax free shopping spend by +18% in 2014, and account for 30% of tax free shopping worldwide, says Global Blue.

Delhi Duty Free launches Jack Daniel's No. 27 Gold in India

Source: ©The Moodie Report - 09/03/15

Brown-Forman Travel Retail's latest addition to its Jack Daniel's portfolio is poised to make its Indian travel retail debut this month with Delhi Duty Free.

Mumbai Duty Free celebrates first anniversary at Mumbai Airport T2

Source: ©The Moodie Report - 25/02/15

INDIA. The DFS-Flemingo joint venture is celebrating its first year of operation at Chatrapati Shivaji International Airport T2 with a host of promotional activities.

260 brands confirm participation at TFWA Asia Pacific exhibition

Source: ©The Moodie Report - 19/02/15

ASIA PACIFIC. Some 260 brands have confirmed their participation in this year’s TFWA Asia Pacific Exhibition, which takes place in Singapore from 10-14 May.

Delhi Duty Free CEO Duncan Lawley wins Retail Leadership Award

Source: ©The Moodie Report - 17/02/15

INDIA. Delhi Duty Free CEO Duncan Lawley has won the Asia Retail Congress Retail Leadership Award, in recognition of his work at the leading Indian travel retailer.

Incheon, Delhi and Seoul Gimpo airports among big winners of ASQ awards

Source: ©The Moodie Report - 16/02/15

INTERNATIONAL. ACI has named the winners of the 2014 Airport Service Quality Awards, with Incheon capturing the top prize in the largest airport category.

Passenger traffic posts healthy increase at world’s airports in 2014

Source: ©The Moodie Report - 12/02/15

INTERNATIONAL. Global airport passenger traffic climbed by +5.1% year-on-year in 2014, Airports Council International (ACI) has reported.

Sang Joon Ahn moves from Incheon to top commercial role in Bengaluru

Source: ©The Moodie Report - 11/02/15

SOUTH KOREA. Incheon’s loss is Bengaluru's gain as the highly-rated commercial executive joins the fast-growing South Indian airport company.

Strong travel retail sales performance buoys Lagardère Services in 2014

Source: ©The Moodie Report - 10/02/15

FRANCE. A strong performance from travel retail helped lift Lagardère Services’ net sales by +1.8% in 2014, with the figure hitting €3.81 billion. UPDATED.

Global airline travel climbs strongly against mixed economic backdrop

Source: ©The Moodie Report - 06/02/15

INTERNATIONAL. Global airline travel grew by a robust +5.9% in 2014 compared to 2013, ahead of the industry’s ten-year average growth rate, according to IATA.

International tourism rises +4.7% in 2014; +3-4% growth projected in 2015

Source: ©The Moodie Report - 27/01/15

INTERNATIONAL. Over 1.1 billion tourists travelled abroad in 2014, according to the UNWTO, with 2015 set to be a solid year despite several market challenges.

Sri Lankan reports of duty free contract annulment wide of the mark

Source: ©The Moodie Report - 20/01/15

SRI LANKA. Media reports that Sri Lanka’s new government has cancelled duty free licences at key airports are inaccurate, The Moodie Report can confirm.

World Duty Free Group outlines three-year plan; targets €3 billion in sales by 2017

Source: ©The Moodie Report - 16/01/15

INTERNATIONAL. World Duty Free Group has outlined a three-year plan based on maximising its existing portfolio, improving profits in Spain and expanding in the USA.

Kempegowda International Airport celebrates Season of Smiles

Source: ©The Moodie Report - 16/12/14

INDIA. Bangalore International Airport Limited has begun a month-long campaign of promotions, performances and activities for the holiday season.

International passenger traffic surges ahead in October, reports ACI

Source: ©The Moodie Report - 12/12/14

INTERNATIONAL. Passenger traffic at the world’s airports climbed by +6% year-on-year in October, with international traffic surging by +6.3%, ACI reports.

Delhi Duty Free launches Joy of Giving campaign at Delhi Terminal 3

Source: ©The Moodie Report - 10/12/14

INDIA. Delhi Duty Free has launched a month-long campaign, The Joy of Giving, at Indira Gandhi International Airport T3, with over 100 products on promotion.

Upbeat IATA forecasts surge in airline passenger traffic in 2015

Source: ©The Moodie Report - 10/12/14

INTERNATIONAL. The International Air Transport Association says passenger traffic will rise +7% in 2015, aided by lower fuel prices and a better global economy.

Nuance introduces online pre-order shopping service at Bengaluru

Source: ©The Moodie Report - 05/12/14

INDIA. Nuance India has introduced an online pre-order service for duty free shopping at Bengaluru Kempegowda International Airport.

India enacts first phase of extended visas on arrival scheme

Source: ©The Moodie Report - 28/11/14

INDIA. Visitors from 43 countries can now apply for visas on arrival in a move that could represent a big boost to India’s tourism and travel retail market.

The Middle East & Africa Duty Free Association Official Guide 2014

Source: ©The Moodie Report - 20/11/14

MIDDLE EAST & AFRICA. The guide is published by The Moodie Report to coincide with the annual MEADFA Conference in Dubai on 24-25 November.

Cochin Duty Free to give away three Nissan cars in Chivas promotion

Source: ©The Moodie Report - 19/11/14

INDIA. Cochin Duty Free, in partnership with Pernod Ricard, is offering customers the chance to win a Nissan car in a Chivas promotion that runs until January 2015.

Flemingo International merges with Harding Retail in cruise move

Source: ©The Moodie Report - 19/11/14

INTERNATIONAL. Flemingo International and cruise retailer Harding Retail have announced a merger that will expand Flemingo’s global travel retail presence.

Delhi Duty Free announces sixth monthly winner for BMW X1 promotion

Source: ©The Moodie Report - 18/11/14

INDIA. Krishna Sood is the latest winner of Delhi Duty Free's BMW X1 promotion, which began in May 2014 and has produced six monthly winners so far.

WDF Group CEO Eugenio Andrades outlines key business priorities

Source: ©The Moodie Report - 14/11/14

INTERNATIONAL. World Duty Free Group CEO Eugenio Andrades has outlined five business priorities as he takes over the role from José Maria Palencia.

Asia Pacific passenger traffic maintains solid growth rate in September

Source: ©The Moodie Report - 13/11/14

ASIA PACIFIC. Passenger traffic at Asia Pacific’s airports climbed by +5.1% year-on-year in September, ACI Asia-Pacific reports, with Middle East airports up +9.3%.

Autogrill Group posts marginal decline in nine-month revenue and EBITDA

Source: ©The Moodie Report - 13/11/14

INTERNATIONAL. Autogrill Group consolidated revenues for the first nine months of 2014 hit €2,868.6 million, down by -0.9% year-on-year.

Fazer appoints Kreol Travel Retail as distributor for Indian duty free

Source: ©The Moodie Report - 07/11/14

Finland's leading confectionery group Fazer has appointed Kreol Travel Retail as distributor for its range of brands in the Indian duty free market.

Dufry maintains revenue and EBITDA growth momentum in first nine months

Source: ©The Moodie Report - 03/11/14

INTERNATIONAL. Dufry Group’s turnover climbed by +9% year-on-year in the first nine months of 2014 (+12.4% at constant exchange rates) to CHF2,930.9 million (US$3 billion). The increase came through a combination of organic growth and the consolidation of Nuance since September. CEO Julián Díaz said: “2014 has been a year of many challenges and great achievements. Having executed well in many of the projects, we now focus our efforts on the integration and generation of synergies in the Nuance acquisition.”

Flemingo targets US$1 billion in sales by 2015; looks ahead to IPO

Source: ©The Moodie Report - 28/10/14

INTERNATIONAL. Emerging markets specialist travel retailer Flemingo International says it is on track to hit its target of US$2 billion in sales by 2020.

International airline passenger traffic maintains solid growth in August

Source: ©The Moodie Report - 06/10/14

INTERNATIONAL. Passenger traffic on the world’s airlines climbed by +5.9% year-on-year in August, the International Air Transport Association has reported.

Belardini, Boyer, Crotti, Piovesana in, Rendek out as Dufry seeks to avoid disruption in Nuance integration

Source: ©The Moodie Report - 01/10/14

INTERNATIONAL. In a move to minimise business disruption, Dufry Group has announced a stage one organisational structure following last month's completed acquistion of rival The Nuance Group.

Flemingo attracts further backing as Samena Capital invests

Source: ©The Moodie Report - 01/10/14

UAE. The retailer adds to its existing weighty private equity backing with a new investment from regionally focussed firm Samena Capital.

Plaza Premium Lounge opens first transit hotel at Bengaluru Airport

Source: ©The Moodie Report - 30/09/14

INDIA. The leading passenger lounge operator has opened a hotel offering hourly rates for transfer passengers in the airport’s domestic terminal.

APTRA calls on retailers to limit tobacco sales to India-bound travellers

Source: ©The Moodie Report - 08/09/14

ASIA PACIFIC. The Asia Pacific Travel Retail Association is calling on retailers to note the new inbound allowances on tobacco for passengers travelling to India.

International passenger growth drives airport traffic worldwide in first half

Source: ©The Moodie Report - 15/08/14

INTERNATIONAL. International passenger traffic at world airports climbed by +5% year-on-year in June and by +5.7% in the first six months of 2014, says ACI.

Flemingo partners with Harley Davidson for Street Thunder motorcycle event

Source: ©The Moodie Report - 11/08/14

SRI LANKA. Flemingo Duty Free has teamed up with the Harley Owners Group (HOG) for the second Street Thunder motorcycle ride around Sri Lanka.

Strong Pound Sterling impact hits SSP Group sales in latest quarter

Source: ©The Moodie Report - 07/08/14

UK. SSP Group sales dipped by -1.4% year-on-year in the period from 1 April to 30 June, with currency changes the big factor, the company noted in a trading update.

World Duty Free Group revenues climb but EBITDA falls in H1 2014

Source: ©The Moodie Report - 01/08/14

INTERNATIONAL. World Duty Free Group today reported a solid rise in first-half revenues but a dip in EBITDA for the period. UPDATED STORY.

Delhi Duty Free named ‘Super Star of the Year’ at GMR-IGI Airport Awards

Source: ©The Moodie Report - 31/07/14

INDIA. Delhi Duty Free Services has won the ‘Super Star of the Year’ award at the GMR-IGI (Indira Gandhi International) Airport Business Partner Awards 2014.

Kreol Travel Retail calls for US$1,000 Indian inbound duty free allowance limit

Source: ©The Moodie Report - 28/07/14

INDIA. Kreol Travel Retail CEO A.S. Lal has called on Indian authorities to further raise the inbound duty free allowance for returning residents to US$1,000.