The goal was to reach a more extensive and diversified network -both exterior doors and interior doors- commercial offer at the airport. But against your wishes AENAHE Swiss giant Dufry will continue to be behind about 90% of the ‘duty-free’ practice. In the absence of formalization of the award, it is the only group to provide the 185 million euros requested by this group. public manager of Spanish airports to pilot such organizations Catalonia (practice, Girona And reus) And Madrid. And AENA had designed a competition that prevented an operator from bidding for this batch, which would house more than 80% of its stores of this fabric, but they had no choice as they were abandoned in the first round. withdraw the condition and accept Dufry’s offer. It’s almost impossible to stop the company that has been linked in one way or another with this business since it was born in Spain a year ago. Franc dead.
Dufry has a Spanish brand. This goes back to the 1974 constitution, exactly. bayA public company established by the government operating duty-free shops in the country’s ports and airports. It arrived only two years later, and to this day, the Spaniard has not left ‘duty-free’, although it rules under a different name and with a different capital behind it.
Privatized by the former president José Maria Aznar in 1997; I’m buying Retail Airport Financing (SHELF), a holding equally controlled by Altadis (antique tobacco company) And automatic grillan Italian company owned by benetton familyin 2005; has been renamed World Duty Free Group It was integrated with other businesses of the holding in 2012 and finally, boring It took control in 2015 after paying 1,300 million euros for the portion that guaranteed it.
Dufrey’s story
It is a company established in basel (Switzerland) has grown exponentially since its inception in 1865. IPO in the early 2000s. starting from markets such as Brazil anyone Argentina and finish behind iconic brands like American in this industry hudsonalso switzerland nuance or the same World Duty FreeThe one he almost chased ever since the Spanish coach Julian Diaz took command of this Swiss group.
Díaz took over as CEO in 2004. mutual fund Advent Internationalhad bought a majority stake in the group months ago. The manager came from running a company in the same industry. Mexican (Aerobutique operator), but had previously worked fully at Aldeasa.
It is not strange, then, that he said he was in the market when the bells began to ring, and insisted years later, even though he had lost the initial attack. Benetton. By the way, Dufry did this last year. automatic grillalthough it is a company owned by the same Italian family, in this case the operation was closed as follows: Xavier RossinyolHe replaced Julián Díaz as CEO in June 2022. This manager came from the company on his behalf. gategroup aircraft catering servicesand before that he had spent ten years at Dufry.
destiny 2027
“Transmission of all participation Oppression [empresa de los Benetton] inside automatic grill paves the way for a transformative combination that fits perfectly into our group’s new strategy. destiny 2027‘”, Rossinyol pointed out as he officially closes this transaction. According to one statement, the goal is a large group dedicated to the travel experience business this is much more diverse. In other words, it has a weight beyond the ‘duty-free’ stores.
In total, Dufry currently manages around 5,500 installations of this type (among airports, ports, train stations, Hotels, roadside restaurants…): has a special ’boutique’. Penhaligon’s Haute Parfumerie inside heathrow airport and one monopoly inside Gatwickboth of them London; an eyewear store at the airport Zurich (Switzerland); inside a wine bar Dallas and a cosmetics store angels (both United States), stores with all kinds of duty-free products Greece, Morocco, Ghana, Cambodia, Bali, Los Cabos… and so far all organizations of the 27 types of airports that form part of the AENA network.
All this translates to 6,800 million Swiss francs (7,000 million euros) in revenue in 2022, which will be doubled with the acquisition of Autogrill. In other words, controlling a quarter of a business that was worth $55,000 million (€50,000 million) worldwide last year, and they also played with. LagardereThe group, which took the first step into Spain by removing the ‘duty-free’ airports from the northern airports, LVMH anyone King Power.