Thailand to close inbound duty free stores to encourage domestic spend
Thailand’s government has announced that it intends to shut down duty free stores in international arrivals zones in airports in a bid to encourage tourists to spend in local retail stores instead.
TFWA World Conference announces Hillary Rodham Clinton as keynote speaker
TFWA has announced that former US Secretary of State, Hillary Clinton will take to the stage for a keynote conversation at its 2024 TFWA World Conference. She will explore the ever-evolving global political landscape and the trends impacting the geopolitical environment, and in turn, travel retail.
Coty and Shilla Duty Free to focus on omnichannel shopping
Coty and Shilla Duty Free have updated their joint digital business plan with a view to beefing up their omnichannel shopping offer in travel retail. The pair will focus on digital innovation, data analytics, retailer exclusivity and regional expansion.
Rituals to Launch Its First Beach Club in Knokke, Belgium
Rituals, the Dutch luxury cosmetic brand, is launching its inaugural beach club in Knokke, Belgium.
Accor and LVMH Partner to Revitalize Orient Express
Accor and LVMH have entered into a strategic partnership to accelerate the development of Orient Express.
L’Occitane Group Appoints Evelyne LY-Wainer as Managing Director of Global Travel Retail
The L’Occitane Group has appointed Evelyne LY-Wainer as the new Managing Director of Global Travel Retail, effective immediately.
Heinemann enters Indian duty free with Noida store
Heinemann is set to make its debut onto the Indian market, having been awarded duty-free and duty-paid retail concessions at Noida International Airport together with partner BWC Forwarders.
JW Marriott partners with Flamingo Estate to create sensory journey for guests
JW Marriott and Flamingo Estate have unveiled a collaboration that will take guests on a sensory journey through taste, scent and sound. Specifically, the duo have launched a garden-infused signature scent inspired by the JW Garden – a space to connect with nature at JW Marriott properties around the world.
L’Oréal Travel Retail Asia Pacific Announces Leadership Transition
L’Oréal Travel Retail Asia Pacific has announced a significant leadership change with Tao Zhang stepping down as Managing Director to embrace a new role within the group. Jesus Abia will take over as the new Managing Director effective July 1.
Qatar Duty Free Unveils World’s First Dior Luxury Beauty Retreat at Hamad International Airport
Qatar Duty Free has inaugurated the world’s first airport Dior Luxury Beauty Retreat at Hamad International Airport.
Green Yip Appointed as L’Occitane’s Group New Regional Managing Director for APAC Travel Retail
The L’Occitane Group has appointed Green Yip as the Regional Managing Director for Travel Retail in the Asia-Pacific region,
Michelle Freyre Joins United Airlines’ Board, Enhancing Diversity
United Airlines appointed Estee Lauder executive Michelle Freyre to its board of directors, marking a notable step in diversifying the board’s expertise and gender composition.
L’Oreal TR MD joins IAADFS Board
The International Association of Airport and Duty Free Stores (IAADFS) has named a L’Oreal Travel Retail executive to its Board of Directors. Julia Seve, Managing Director of L’Oreal’s Travel Retail Americas unit, is the fourth supplier member to join.
Shilla Duty Free’s Strategic Extension
The Shilla Duty Free Shop, has extended its concession at Hong Kong International Airport.
The Body Shop India Expands
The Body Shop India is set to significantly enhance its market presence by introducing 100 additional brand touchpoints across the country by 2025.
The Estee Lauder Companies TR partners with China Duty Free Group
The Estee Lauder Companies Travel Retal has partnered with China Duty Free group to bring 15 of its prestige brands to CDFG’s new Global Beauty Plaza at Sanya International Duty Free Shopping Complex in Hainan.
Hey big spender! Hainan sales break records over Lunar New Year
China’s Hainan province reported record sales over the Lunar New Year holiday with shoppers spending some CNY2.49 billion over the 8-day break, up 60 percent yoy. Average spend stood at CNY8,358.
Estée Lauder Reports Sales Decline
The Estée Lauder Companies Inc. reported a 7% decline in net sales to $4.28 billion for the quarter ended December 31, 2023, from $4.62 billion in the same period the previous year.
Heinemann Buys Out JR/Duty Free
Gebr. Heinemann has acquired full ownership of JR/Duty Free Israel by purchasing the remaining shares from James Richardson Group (JR/Group) in a joint venture that began in 2018.
An all-time record: Dubai Duty Free’s FY2023 sales surge 24.39 percent
Dubai Duty Free has announced an all-time sales record of DHS7.885 billion for 2023, up 24.39 percent over the previous year. Compared to pre-pandemic results in 2019, sales rose 6.4 percent.
Dubai Duty Free Partners Alipay+
Dubai Duty Free has partnered with Alipay+ to offer a seamless travel and checkout experience for international visitors at Dubai and Al Maktoum International airports.
L’Occitane gears up for Sol de Janeiro travel retail push with brand awareness campaign
L’Occitane’s Group Travel Retail unit has announced the launch of a second wave of its global OOH brand awareness campaign at international airports for its Sol de Janeiro brand.
LVMH cedes control of Starboard; sells majority stake
LVMH has sold a majority stake in Cruise Line Holdings Co, owner of Miami-based Starboard, to a group of investors headed up by Jim Gissy. Financial terms of the deal were not disclosed.
Chanel Wonderland opens at Incheon Airport
In collaboration with Chanel, Shinsegae Duty Free has announced the opening of the largest mega-beauty podium in Asia duty-free. Chanel Wonderland, as the stand has been named, made its debut at Incheon International Airport’s Terminal 2.
L’Oreal’s Mixed Results Amid Challenges
L’Oreal reported an increase in third-quarter sales, particularly in Europe and the United States, but experienced a decline in North Asia with sales down by 4.8%.
LATEST NEWS
