The Moodie Report

Travel Retail and Duty Free Business Intelligence    Wednesday 27 August 2014

The Moodie Report Stock Watch 26 August: World Duty Free Group, +5.37%       World Duty Free Group: Close 8.83, Change +5.37% 52-week High 11.07; 52-week Low 6.80       Dufry: Close 157.50, Change +1.42%, 52-week High 168.00; 52-week Low 117.70       China International Travel Services (CDFG): Close CNY36.97, Change +0.00%, 52-week High CNY44.29; 52-week Low CNY30.11       Japan Airport Terminal Co: Close ¥3,770, Change +0.13%, 52-week High ¥3,945; 52-week Low ¥1,789       Hotel Shilla Co Ltd (The Shilla Duty Free): Close ₩130,500 Change +2.76%, 52-week High ₩135,500; 52-week Low ₩55,500       Lagardère (Aelia, LS travel retail, Relay ): Close €21.24, Change +1.09% 52-week High €26.58; 52-week Low €18.21       LVMH (DFS Group, Starboard Cruise Services): Close €133.15, Change +0.99%, 52-week High €150.05; 52-week Low €121.00       MISR Duty Free Shops: Close 3.10, Change -3.43%, 52-week High 3.96, 52-week Low 2.70      

Duty Free Americas proposes new complex at San Ysidro as flagship store faces closure amid border development

USA. The retailer’s proposal for a new multi-use complex is gaining local support as its flagship store is marked for closure under an improvement plan at the crossing between the USA and Mexico. “We are looking for a positive resolution,” Duty Free Americas Chairman Simon Falic tells The Moodie Report.

Mumbai Port Trust tenders duty free store at international cruise terminal

INDIA. The company is seeking a duty free retailer at Mumbai International Cruise Terminal to manage the business under an 11-month contract.

The Moodie Report challenged as ARI takes icy plunge for ALS in Cyprus

CYPRUS. The ice bucket cometh as the internet craze, raising awareness and funds for amyotrophic lateral sclerosis charities, reaches travel retail.

Belfast International Airport appoints Graham Keddie as Managing Director

UK. Belfast International Airport has named experienced aviation executive Graham Keddie as its new Managing Director, effective 1 September.

Devesh Kuwadekar to leave Qatar Duty Free and join MasterCard Asia Pacific

QATAR. The much-respected Devesh Kuwadekar is to leave his position as Qatar Duty Free Senior Manager Business Development and Marketing.

Private equity firm to acquire speciality retailer Marshall Retail Group

USA. Private equity firm Brentwood Associates is to acquire Marshall Retail Group, a leading speciality retailer which operates stores across US airports.

Changi Airport unveils growth programme to cement air hub status

SINGAPORE. Changi Airport Group is committing S$100 million (US$80 million) to the Growth and Assistance Incentive (GAIN) programme over the next year.

JCDecaux launches mobile charging digital stations across key US airports

JCDecaux has partnered Verizon to roll out 169 new mobile charging digital stations at four major US airports, providing an essential service to 193 million travellers.

The Moodie Blog: Heathrow T2: Making a statement about airport F&B

One channel of business where Heathrow Airport's new T2 offers a real point of difference, with bespoke concepts and sharp executions, is in food & beverage.

BRAND NEWS

Glen Deveron makes Asian debut with DFZ at Kuala Lumpur International

Following its success in European travel retail, the Bacardi-owned single malt whisky has been launched in Asia Pacific by DFZ at its The ZON Duty Free store.

Azzaro introduces Ian Somerhalder as the new face of Azzaro Pour Homme

The new Azzaro Pour Homme campaign starring the American actor and producer was rolled out by beauty distributor Essence Corp in the Caribbean this month.

Hardys wines reach milestone with distribution in over 100 countries

Accolade Wines brand Hardys has achieved a major milestone with distribution in over 100 countries; Hardys now sells over nine million cases a year.

Distell posts double-digit revenue growth as sales volumes grow +3.1%

Revenue for 2014 rose by +12.8% to R17.7 billion (US$1.65 billion) in “a climate of persistently tough trading conditions”, said the South African drinks producer.

Watch & See Schweiz named global duty free agent for Revo sunglasses

Revo, described as a leader in polarised lens technology, is setting its sights on expansion in the duty free market with new representation by Watch & See Schweiz.

Braun launches first Braun Time watch collection in two years

The 2014 Braun Watches collection keeps in line with the brand’s clean, minimalist aesthetic and has been carefully curated both in terms of design and product range.

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