The Moodie Report

Travel Retail and Duty Free Business Intelligence    Wednesday 22 October 2014

The Moodie Report Stock Watch 21 October; Main mover: World Duty Free Group closes at 6.3850, loses -3.98%        World Duty Free Group: Close 6.3850, Change -3.98% 52-week High 11.07; 52-week Low 6.05       Dufry: Close 134.20, Change +3.63%, 52-week High 168.00; 52-week Low 121.60       China International Travel Services (CDFG): Close CNY36.46, Change -2.90%, 52-week High CNY43.50; 52-week Low CNY30.11       Japan Airport Terminal Co: Close ¥3,865, Change -0.13%, 52-week High ¥4,465; 52-week Low ¥1,933       Hotel Shilla Co Ltd (The Shilla Duty Free): Close ₩99,100, Change +0.30%, 52-week High ₩135,500; 52-week Low ₩55,500       Lagardère (Aelia, LS travel retail, Relay ): Close €19.09, Change +1.54% 52-week High €26.58; 52-week Low €17.83       LVMH (DFS Group, Starboard Cruise Services): Close €126.55, Change +1.28%, 52-week High €147.20; 52-week Low €121.00       MISR Duty Free Shops: Close 3.23, Change +0.00%, 52-week High 3.80, 52-week Low 2.70      

On location in Seoul: Lotte showcases South Korea’s biggest duty free store

SOUTH KOREA. Lotte Duty Free today presented its new 10,990sq m duty free store at the Lotte World Mall to journalists from South Korea, Japan and China (and The Moodie Report). Spanning the top two floors of the mall, Lotte Duty Free World Tower is the biggest duty free store in Korea, the second biggest in Asia and the third biggest in the world. And it promises to become one of the major attractions for foreign visitors in Seoul, Lotte Duty Free CEO Hong-Kyun Lee told guests today.

From Margaret River to Château Lafite: My Wine Journey with Andrew Day

MMI and Emirates Leisure Retail CEO Andrew Day reflects on his own wine journey in our popular new column in association with Treasury Wine Estates.

Duty Free Philippines set to open Arrivals shopping complex at Manila T3

PHILIPPINES. Duty Free Philippines is to open the first phase of an ambitious landside shopping project at Manila Ninoy Aquino Airport T3 before year-end.

UPDATED: Dufry signs Jomo Kenyatta International Airport concession

KENYA. As anticipated this morning, Dufry has signed the concession with Kenya Airports Authority to operate over 750sq m of space at the new Terminal 1A.

Revlon appoints David Carvalho to senior travel retail role

The experienced FMCG executive has joined the company as Senior Vice President and General Manager, Global Distributors, Licensees and Travel Retail.

Sunglasses Awards short-list revealed; record number of entries received

INTERNATIONAL. The shortlist is announced for the annual Sunglasses Awards, which will be presented at TFWA World Exhibition in Cannes next week.

LS travel retail launches ‘next generation’ Aelia store in Marseille

FRANCE. LS travel retail has launched what it calls the “next generation of duty free stores” with a pilot operation at Marseille Provence Airport.

Dufry to sign Nairobi concession as final legal obstacle is cleared

KENYA. The national airports authority has confirmed that it will sign a contract with Dufry after a late legal challenge from Suzan General Trading was dismissed.

The Moodie Blog: Opening a Cannes of worms in Denver and Bangkok

Speaking to the parties involved in Denver and Bangkok, as I did (and therefore knowing that others hadn’t), it became clear that the newspapers were wide of the mark.

BRAND NEWS

Revlon appoints David Carvalho to senior travel retail role

The experienced FMCG executive has joined the company as Senior Vice President and General Manager, Global Distributors, Licensees and Travel Retail.

Sunglasses Awards short-list revealed; record number of entries received

INTERNATIONAL. The shortlist is announced for the annual Sunglasses Awards, which will be presented at TFWA World Exhibition in Cannes next week.

Maxxium Travel Retail to close in 2015, Edrington and Beam Suntory announce

Maxxium Travel Retail is to cease trading from 1 April next year after The Edrington Group and Beam Suntory announced the end of their joint venture in the channel.

Casa Cuervo creates dedicated global travel retail division

Casa Cuervo, owner of Jose Cuervo, is to combine its travel retail operations under the newly created business division Jose Cuervo Global Travel Retail.

L’Oréal bolsters US brands portfolio with Carol’s Daughter deal

L’Oréal USA is to acquire the Carol’s Daughter brand, in a deal that further enhances its US portfolio, which includes Kiehl’s, Urban Decay and Clarisonic.

Miami International Airport plans duty paid premium cosmetics RFP

USA. A new concession of 650-850sq ft will go to tender within a month if the mayor’s office approves plans made by Miami-Dade Aviation Department.

Airline News

Data Room

Moodie Jobs Section

The Foodie Report

Features

On location: Heinemann Asia Pacific opens 'be Duty Free' at klia2

MALAYSIA. Heinemann Asia Pacific celebrated its first foray into Malaysian travel retail this week, hosting the opening ceremony of its ‘be Duty Free’ store at klia2.