The Moodie Report

Travel Retail and Duty Free Business Intelligence    Sunday 29 March 2015

The Moodie Report Stock Watch 26 March; Main mover: Hotel Shilla Co Ltd (The Shilla Duty Free): Down -2.03%        China International Travel Services (CDFG): Close CNY51.36, Change +0.00%, 52-week High CNY52.23; 52-week Low CNY30.11       Dufry: Close 136.50, Change -0.44%, 52-week High 168.00; 52-week Low 120.50       Hotel Shilla Co Ltd (The Shilla Duty Free): Close ₩96,500 Change -2.03%, 52-week High ₩135,500; 52-week Low ₩78,700       Japan Airport Terminal Co: Close ¥7,120, Change +0.42%, 52-week High ¥7,150; 52-week Low ¥2,347       Lagardère (Aelia, LS travel retail, Relay ): Close €26.79, Change -0.94%, 52-week High €27.58; 52-week Low €17.83       LVMH (DFS Group, Starboard Cruise Services): Close €162.35, Change -0.76%, 52-week High €175.40; 52-week Low €109.41       MISR Duty Free Shops: Close 3.77, Change -0.79%, 52-week High 3.83, 52-week Low 2.88       World Duty Free Group: Close 11.03, Change -1.25%, 52-week High 11.23; 52-week Low 6.05      

Dufry swoops to acquire 50.1% in World Duty Free Group for €1.3 billion

INTERNATIONAL. In huge breaking news, Dufry Group has struck a deal to acquire 50.1% of World Duty Free Group, held by the Benetton family through its Edizione and Schema34 holdings. The sale price is €1.3 billion or the equivalent of €10.25 per WDFG share. Edizione said: "The integration with Dufry presents a strong strategic rationale, creating the world’s leader in the travel retail sector.” Watch out for our constantly updated news over the next 24 hours.

Aer Rianta International announces major executive team reshuffle

IRELAND. ARI has announced a restructuring of its senior executive team, reflecting what it says is “a more growth-orientated operating model”.

ATÜ Duty Free confirmed as Houston Airport concessionaire

USA. The JV between TAV Airports Holding and Gebr Heinemann-led Unifree Duty Free, wins the duty free concession at George Bush International Airport.

Easter extravaganza at Hong Kong International Airport

HONG KONG. Giant M&M’s mascots dressed as security guards, Easter bunnies and musical performances are all part of the Easter shopping celebrations.

ACI unveils latest concession management course

INTERNATIONAL.The course is designed both for experienced personnel and new recruits seeking to enhance their knowledge of planning and managing airport concession programmes.

SSP UK opens first James Martin Kitchen at London Stansted Airport

UK.The leading food & beverage operator has opened the first ever James Martin Kitchen as part of its seven-year contract with Manchester Airports Group.

Gebr Heinemann acquires 60% stake in Schiphol Airport Retail

NETHERLANDS. Schiphol Group sells a 60% stake in Schiphol Airport Retail to Gebr Heinemann, forging a joint venture at Amsterdam Airport Schiphol.

The Moodie Report Interview: ACI Europe chief Olivier Jankovec

EUROPE. ACI Europe Director General Olivier Jankovec talks about the importance of commercial revenues to airports amid a tough economic environment.

The Moodie Blog: Show time in Orlando as DFASS/Shilla deal steals the headlines

It is tough out there. Very, very tough. South Korea is one of the few bright lights and today it reflected that light on Miami.

BRAND NEWS

Bacardi names Cruise Competition Bartender of the Year 2015

Holland America’s Gerome Firmalo has won the Bacardi Cruise Competition Bartender of the Year award for 2015, in a contest against 2,500 industry entrants.

Macintyre Scott Xtra to supply liquor to P&O Cruises’ Britannia

UK. Travel retail specialist Macintyre Scott Xtra will supply five gins and 30 British bottled beers as part of a new deal for P&O Cruises’ newest ship, Britannia.

Safilo Group announces Marc Schulte as new Head of Global Travel Retail

Previously from L'Oréal, Schulte will now focus on strengthening Safilo’s position in Asia, while continuing to accelerate growth in EMEA and the Americas.

Fashion company Desigual records +16.2% leap in annual turnover

Fashion brand Desigual posted €963.5 million in 2014 turnover, driven by women’s fashion and accessories as well as strong sales outside Europe.

British brand Reiss returns to Heathrow Terminal 5 with new design

UK. The British fashion brand opened its new store at T5 last week and is set to use the same design concept in stores in Toronto and New York.

Newly established Global Brand Equity Solutions gears up for IAADFS debut

Founded by industry veteran Jorge C Galbis, the company will showcase five brands, including Khortytsa Platinum Vodka and MB Miami Beach Suncare.

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