The Moodie Report

Travel Retail and Duty Free Business Intelligence    Sunday 30 August 2015

The Moodie Report Stock Watch 28 August: China International Travel Services (CDFG): up +4.67%        China International Travel Services (CDFG): Close CNY54.29, Change +4.67%, 52-week High CNY78.40; 52-week Low CNY35.48       Dufry: Close 127.30, Change +0.08%, 52-week High 154.60; 52-week Low 118.13       Hotel Shilla Co Ltd (The Shilla Duty Free): Close ₩126,000 Change +0.80%, 52-week High ₩143,000; 52-week Low ₩83,600       Japan Airport Terminal Co: Close ¥5,570, Change +1.64%, 52-week High ¥8,320; 52-week Low ¥3,580       Lagardère (Aelia, LS travel retail, Relay): Close €24.41, Change -0.08%, 52-week High €30.23; 52-week Low €17.83       LVMH (DFS Group, Starboard Cruise Services): Close €150.95, Change -0.12% 52-week High €176.60; 52-week Low €109.41       MISR Duty Free Shops: Close 3.46, Change +1.16%, 52-week High 4.39, 52-week Low 3.09      

Hotel Lotte prepares IPO launch as Lotte Duty Free fights to retain Seoul downtown licences and negate political criticism

SOUTH KOREA. Hotel Lotte’s imminent initial public offering (IPO) in South Korea, announced earlier this month, is set to take place in the face of mounting political criticism of the company’s dominant role in the country’s duty free industry. The political climate explains why Lotte Duty Free is having to mount a robust defence of its two most important downtown duty free licences.

New downtown duty free licence battle looms next month in South Korea

SOUTH KOREA. As one competition for downtown duty free licences in Korea ends, another begins. Lotte, WalkerHill and Shinsegae battle to retain key rights.

The Moodie e-Zine: Is it now time for an Airport Fair Price Guarantee?

INTERNATIONAL. This week we focus on the thorny issue of airport retail pricing, prompted by the so-called 'VAT rip-off' in the UK and consider some ways forward.

Korean and Chinese arrivals surge to Guam but key Japanese market down

GUAM. The decline in Japanese visitors eases despite a continued weak Japanese Yen, while solid growth in Korean and Chinese visitors buoys travel retail.

ARI seeks senior buying managers amid global corporate restructure

IRELAND. Aer Rianta International has launched a recruitment drive for global category managers, advertising the opportunities through The Moodie Report.

Asian airlines post “robust growth” in international passenger numbers

ASIA. Asian airlines carried 23.7 million international passengers in July, a +6.5% increase year-on-year, according to the Association of Asia Pacific Airlines.

Strong July performance for both airport and land border duty free in Canada

CANADA. Airport duty free sales grew by +18% to C$33 million in July, while land border duty free sales rose +12% to C$18 million, reports the FDFA.

Charlotte Christiansen to leave London Gatwick; Toby Tait promoted

UK. London Gatwick Business Development & Retail Performance Manager Charlotte Christiansen is to take on a new role outside the industry.

The Moodie Blog: Hitting new heights at Lotte World Tower

"Are you afraid of heights?" Lotte Duty Free's delightful Sunju Park asked me with a smile as we clambered into the steel cage lift. "No, I'm fine," I lied.


Paris Hilton brand poised to make debut in global travel retail

The Paris Hilton brand will be represented in travel retail by Unique Luxury Goods in the western hemisphere and International Brands Group (IBG) globally.

Scorpio Worldwide updates Pierre Cardin jewellery for Cannes

Scorpio says its revamped collection will present classic and contemporary designs and offer quality and value for money for travelling shoppers.

YSL Beauté targets Chinese travellers with DFS T Galleria Hong Kong counter

YSL Beauté Travel Retail Asia Pacific opened its latest counter at DFS T Galleria Hong Kong, Causeway Bay, on 23 August, targeting young Chinese travellers.

Tommy Hilfiger serves an ace with tennis icon Rafael Nadal

USA. The brand’s Founder Tommy Hilfiger says: “Rafael embodies an effortless sense of style that exemplifies and reflects our brand spirit – he’s confident, fun and cool.”

Pernod Ricard reports drop in full-year profits while sales rebound

FRANCE. Pernod Ricard posts a -15% slide in full-year net profit after being hit by a write-down on Absolut vodka; sales grew by +8% after a 2014 decline.

The Balvenie adds a personal touch and underlines its heritage

MALAYSIA. The Balvenie underlines the craft that underpins single malt whisky production in an innovative "craft bar" at the country's main gateway.

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The Shilla Duty Free prepares big openings in Seoul, Incheon and Changi – but no Chanel beauty for Incheon

SOUTH KOREA. As its Korean business recovers from the MERS crisis and the Changi Airport perfumes & cosmetics concession shows a welcome upturn, The Shilla Duty Free is in increasingly optimistic mood about the future. Senior Executive Vice President and Head of The Shilla Duty Free, Jeong-Ho (Jason) Cha talked to The Moodie Report Chairman Martin Moodie in Seoul yesterday.