Travel Retail and Duty Free Business Intelligence    Monday 03 August 2015

OTHER SHOPS

Lagardère Travel Retail H1 revenues dip on disposals and deconsolidation

Source: ©The Moodie Report - 31/07/15

FRANCE/INTERNATIONAL. Lagardère Travel Retail sales hit €1,640 million in the first half of 2015, down by -11.4% on a reported basis and up +3.5% like-for-like.

Shilla posts strong H1 despite MERS and heavy Changi contract losses

Source: ©The Moodie Report - 31/07/15

SOUTH KOREA. The Shilla Duty Free posted a +20.5% increase in sales for the second quarter of 2015 though operating profit decreased by -5.4%.

World Duty Free Group H1 sales climb strongly but profits slide

Source: ©The Moodie Report - 30/07/15

INTERNATIONAL. World Duty Free Group's first-half revenues rose +23.7% but profits fell sharply, due to increased Spanish airport rents and the onerous Düsseldorf Airport contract.

Dufry posts solid H1 turnover and EBITDA growth despite ‘challenging environment’

Source: ©The Moodie Report - 29/07/15

INTERNATIONAL. Dufry Group turnover climbed by +30.5% year-on-year in H1 2015, despite the challenges of currency and economic difficulties in some markets.

Lotte set for early 2016 downtown duty free opening in Bangkok

Source: ©The Moodie Report - 27/07/15

THAILAND/SOUTH KOREA. Lotte Duty Free maintains its expansion drive with plans to open a major downtown store in the Thai capital of Bangkok.

Allen Hong joins Eugene Corp to develop retail opportunities

Source: ©The Moodie Report - 26/07/15

SOUTH KOREA. Duty free executive Allen Hong has joined construction group Eugene Corporation as Managing Director of Business Development.

Gebr Heinemann reports strong second quarter amid big expansion drive

Source: ©The Moodie Report - 21/07/15

GERMANY/INTERNATIONAL. Gebr Heinemann Executive Director Retail and Human Resources Raoul Spanger says that core European markets performed well in Q2, notably Turkey and Germany, and he outlines plans for new and refurbished retail space at Oslo and Sydney. Amid these developments and the addition of new concessions, the retailer is embarking on an ambitious management recruitment drive, from buying to operations.

On location in Vanuatu: travel retail bounces back from disaster

Source: ©The Moodie Report - 21/07/15

VANUATU. Travel retailing is a key engine in the drive to recover from Vanuatu’s worst natural disaster in decades. Peter Dowling reports from Port Vila.

Dufry to issue €500 million in Senior Notes to help finance WDFG purchase

Source: ©The Moodie Report - 20/07/15

INTERNATIONAL. Dufry Group plans to issue €500 million in Senior Notes; the proceeds will be used to part-finance the acquisition of World Duty Free Group.

Big new Laos duty free mall proposed – Bangkok Post

Source: Bangkok Post; The Moodie Report - 16/07/15

LAOS/THAILAND. A group led by leading Lao duty free retailer Dao-Heuang Group is investing US$295 million in a shopping & hotel complex in Vientiane.

Duty Free International set for Hong Kong stock exchange listing as Atlan Holdings outlines growth ambitions

Source: ©The Moodie Report - 16/07/15

MALAYSIA. In a move certain to spark widespread interest in the investment community, Atlan Holdings, parent company of Singapore-listed Duty Free International Limited, is seeking a dual primary listing for its travel retail subsidiary on the Stock Exchange of Hong Kong.

Judgement day nears for crucial Seoul and Jeju downtown duty free decision

Source: ©The Moodie Report - 05/07/15

SOUTH KOREA. Local sources are calling it "a game changer". Months of lobbying and preparation to try to secure four valuable new duty free licences (three in Seoul and one on Jeju Island) reach a climax later this week when Korea Customs Service reveals the winning line-up. With business levels expected to rebound sharply from the now-easing MERS crisis, the stakes are high for all concerned.

Lotte Duty Free opens spectacular new downtown store on Jeju

Source: ©The Moodie Report - 24/06/15

SOUTH KOREA. The new store, 2.5 times larger than the original shop, features an eclectic range of brands and categories targeted at the Chinese traveller.

DFS boost as LVMH gains ‘definitive’ approval for La Samaritaine renovation

Source: ©The Moodie Report - 19/06/15

FRANCE. The renovation of the famous La Samaritaine landmark in Paris is set to proceed. And that spells good news for DFS Group, which is poised to play a major role at the revamped department store.

The Moodie Report e-Zine: Sydney Airport’s T1 transformation

Source: ©The Moodie Report - 18/06/15

INTERNATIONAL. In our cover story Sydney Airport General Manager, Retail Glyn Williams talks about the changing face of commercial at Terminal 1.

Global first as Clé de Cartier collection debuts with T Galleria by DFS

Source: ©The Moodie Report - 17/06/15

INTERNATIONAL. In a pioneering move, T Galleria by DFS has partnered with Cartier for an exclusive worldwide launch of the Clé de Cartier collection this summer.

Hengqin Island applies for offshore duty free status: Chinese reports

Source: Macau Business Daily - 10/06/15

CHINA. ‘Offshore duty free’, currently limited to Hainan, may be introduced to Hengqin Island, according to a report in the respected Macau Business Daily.

T Galleria by DFS unveils beauty concept in Macau & Hong Kong

Source: ©The Moodie Report - 09/06/15

CHINA. First the Macau Galaxy, next Hysan Place in Hong Kong. DFS gears up its specialist beauty offer with a new stand-alone retail concept.

Dufry leverages new Guarulhos stores and expands duty paid presence

Source: ©The Moodie Report - 02/06/15

BRAZIL. Dufry is pursuing productivity gains at São Paulo Guarulhos Airport as it rolls out Hudson News and Dufry Shopping duty paid concepts nationwide.

Crunch time for Seoul and Jeju downtown duty free licence bids

Source: ©The Moodie Report - 01/06/15

SOUTH KOREA. Bids close today for the lucrative rights to operate three new duty free licences in Seoul and one on Jeju, the first such opportunities in 15 years.

Seven-way battle for major Seoul downtown duty free licences

Source: ©The Moodie Report - 01/06/15

SOUTH KOREA. Seven major players and a cluster of small & medium enterprises are vying for three new downtown duty free licences in Seoul after bids close.

ASUTIL 2015: delegate numbers up for next week’s conference

Source: ©The Moodie Report - 29/05/15

LATIN AMERICA. ASUTIL expects up to 350 delegates at its annual conference, which opens this Wednesday 3 June at the Westin Playa Bonita hotel in Panama City.

Chinese tourism to Korea booms amid race for duty free licences

Source: ©The Moodie Report - 25/05/15

SOUTH KOREA. Surging Chinese tourism drives race for duty free licences in Seoul and Jeju. Now E-Land, in a noteworthy tie-up with Dufry, enters the fray.

The Moodie Report: A message to our valued industry partners

Source: ©The Moodie Report - 22/05/15

INTERNATIONAL. As The Moodie Report changes ownership, we carry an important message about invoicing and payment to our industry partners.

SSP posts healthy profits and like-for-like sales growth in H1

Source: ©The Moodie Report - 21/05/15

UK/INTERNATIONAL. SSP has revealed revenue growth of +2.6% for the half year to 31 March, as well as a sharp profit rise, though the strong Pound had a negative impact.

The Moodie Report e-Zine Issue 165: Hitting new heights at Changi

Source: ©The Moodie Report - 20/05/15

INTERNATIONAL. In this issue Martin Moodie takes a look inside DFS Group’s extraordinary new duplex store at Singapore Changi Airport Terminal 3.

Jihua Park concept provides a new ‘lifestyle destination’ for Chinese travellers

Source: ©The Moodie Report - 19/05/15

CHINA. A new ‘lifestyle destination’ for Chinese consumers is promised as the Jihua Park retail-to-leisure concept is developed across 35 locations.

Edizione rebuts FT claims over Dufry-World Duty Free Group deal

Source: The Financial Times; The Moodie Report - 15/05/15

INTERNATIONAL. Benetton family-controlled Edizione has rebutted claims made in The Financial Times about Boyu Capital’s offer to buy WDFG.

Live and online: The Moodie Report Print Edition May 2015

Source: ©The Moodie Report - 07/05/15

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

Hong Kong duty free border business hit by new restrictions on Chinese travel

Source: ©The Moodie Report - 29/04/15

HONG KONG. Land border and railway duty free has been hit hard by new government restrictions on Mainland Chinese visitors, introduced on 13 April.

Shilla turns in strong results as Changi losses ease

Source: ©The Moodie Report - 27/04/15

SOUTH KOREA. The Shilla Duty Free posted a +44% increase in consolidated revenues for Q1 with operating profits up by +45.3% despite heavy (though easing) losses at Changi Airport.

Flemingo names Carlo Bernasconi as Group Chief Operating Officer

Source: ©The Moodie Report - 21/04/15

INTERNATIONAL. Flemingo International has named Carlo Bernasconi as Chief Operating Officer; since March 2013 he has headed the retailer's expansion drive.

Incheon International to create gaming, entertainment and luxury retail complex

Source: ©The Moodie Report - 21/04/15

SOUTH KOREA. Incheon International Airport Corporation is to develop an entertainment and luxury retail complex with a US casino operator on airport land.

DFS revenues hit by 'currency and geopolitical developments' in Q1

Source: ©The Moodie Report - 13/04/15

INTERNATIONAL. LVMH posted a +16% increase in reported Q1 2015 revenue, but DFS continued to be affected by "a complex situation in Asia".

Kinmen duty free receives boost as shopping allowance is increased

Source: ©The Moodie Report - 13/04/15

TAIWAN. In a big boost to the offshore tourism business, the duty free allowance for visitors to Kinmen has leapt from NTD60,000 to NTD1 million.

Shilla and Hyundai align in bid for Seoul downtown duty free licence

Source: ©The Moodie Report - 12/04/15

SOUTH KOREA. Two of the country's most powerful companies, including The Shilla Duty Free, are joining forces in a plan to open the nation's largest duty free store.

Travel retail agents team up to create IBG International Brands Group

Source: ©The Moodie Report - 01/04/15

INTERNATIONAL. A number of travel retail specialist agencies have teamed up to create a network under the title IBG International Brands Group.

Former Nuance boss Roberto Graziani to lead Shilla's international expansion

Source: ©The Moodie Report - 25/03/15

SOUTH KOREA. Hotel Shilla has announced named former Nuance Group CEO Roberto Graziani as Board Member to lead its overseas expansion.

Lotte declares interest in World Duty Free Group acquisition

Source: ©The Moodie Report - 24/03/15

SOUTH KOREA. Lotte Group, parent of Korea’s leading duty free retailer Lotte Duty Free, today publicly declared its interest in bidding for World Duty Free Group.

Qatar Investment Authority to team up with Dufry in WDFG bid – Reuters

Source: ©The Moodie Report - 23/03/15

INTERNATIONAL. Qatar Investment Authority is to partner with Dufry in a bid for World Duty Free Group, according to a report from Reuters today.

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).

UnionPay International extends airport retail partnerships to new markets

Source: ©The Moodie Report - 20/03/15

CHINA/INTERNATIONAL. Payment service provider UnionPay International has launched a new privilege programme with duty free partners at 70 airports.

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.

Sean Staunton renews term as MEADFA President; new board elected

Source: ©The Moodie Report - 18/03/15

MIDDLE EAST/AFRICA. The Middle East & Africa Duty Free Association has named Sean Staunton as President for a further two-year term and elected a new board.

Georgia Revenue Service issues tender for border store contract

Source: ©The Moodie Report - 17/03/15

GEORGIA. Georgia Revenue Service has launched a tender for a ten-year duty free concession on the Georgia-Turkey border, with a bid deadline of 31 March.

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.

Dufry turnover hits record high despite currency impact in key markets

Source: ©The Moodie Report - 11/03/15

INTERNATIONAL. Dufry Group turnover hit a new annual high in 2014, climbing +17.5% year-on-year, despite the impact of the strong Swiss Franc.

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.

Reports of Duty Free Philippines privatisation premature

Source: ©The Moodie Report - 10/03/15

PHILIPPINES. A report claiming that the government has “revived” plans to privatise Duty Free Philippines is met with scepticism by the Department of Tourism.