Tuesday, 20 April 2021 13:38
LagardeÌre Travel Retail partnered with Hainan Tourism Investment Development to open the second large-scale downtown duty free store in Sanya (pictured) at the end of last year.
Lagardère Travel Retail has appointed Terry Chua as Vice President of Duty Free Merchandising for Asia, a new regional role based in Shanghai.
According to the company, the appointment aims to strengthen the global organisation and position it for further growth in the region following its recent
Chua, who brings a wealth of experience in the perfumes and cosmetics category and other duty free segments, previously held roles at Coty, Sunrise Duty Free and Sunrise Duty Free Group.
DFNI Interview: Lagardère Travel Retail CEO North Asia Eudes Fabre dfnionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dfnionline.com Daily Mail and Mail on Sunday newspapers.
DFNI Interview: Lagardère Travel Retail CEO North Asia Eudes Fabre
March 5, 2021 Comments Off on DFNI Interview: Lagardère Travel Retail CEO North Asia Eudes Fabre
Lagardère Travel Retail marked its first foray into the Chinese duty free market with a record-timed opening of the Sanya Duty Free City Mall in three months. Fabre feeds back from the first month of trading.
On 1 December 2020, during the
TFWA’a China Reborn virtual conference,
Lagardère Travel Retail CEO North Asia Eudes Fabre revealed the news that the company would be opening a new downtown duty-free store in Sanya, Hainan by the end of the month.
Lagardère Travel Retail marked its first foray into the Chinese duty free market with a record-timed opening of the Sanya Duty Free City Mall in three months. Fabre feeds back from the first month of trading.
Thursday, 25 February 2021 17:56
Lagardère Travel Retail suffered a 60.4% decline in revenue on a like-for-like basis (59.7% consolidated) to â¬1,720 million/$1,960 million in 2020.
The duty free segment was impacted by a lack of passenger traffic
(-67% versus 2019 like-for-like), but the travel essentials sector benefitted from diversified distribution channels
(-53% versus 2019 like-for-like).
Announcing its full-year results today (25 February), parent Lagardère Group revealed a 38% like-for-like decline in revenue to â¬4,439m/$5,060m.
Fourth quarter sales for Lagardère Travel Retail were down by 64.9% like-for-like to â¬380m, on par with the decline in the third quarter, as the Paris-headquartered travel retailer felt the continued reverberation of global air traffic losses.