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Sunny Europe Duty Free Shop

16.09.2019
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World Duty Free
Società per azioni
IndustryRetail, Consumer Services
Founded2013
Headquarters,
Key people
Gianmario Tondato da Ruos (Chairman)
Eugenio Andrades (CEO)
Revenue€2 billion (2013)[1]
OwnerDufry
8,500
Websitewww.worlddutyfreegroup.com

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World Duty Free SpA, the holding company of World Duty Free Group, is an Italy-based multinational travel retailer that employs almost 8,500 people.[2]

  • 1History

History[edit]

Beginnings[edit]

World Duty Free Group was created after the Autogrill Group, the old parent company, acquired and integrated the business lines of Aldeasa, World Duty Free and Alpha Group, which were complementary in terms of market segment and geographical regions.[3]

Aldeasa began retailing in Spanish airports in 1976.[4] Alpha Airport Shopping has had a presence in airports in the United Kingdom in different guises since the very early days of airport retailing in 1955,[5] while World Duty Free was founded by Heathrow Airport Holdings (BAA) to run tax and duty free operations in all its airports in the United Kingdom.

Expansion and consolidation[edit]

In the decade following the abolition of duty free within the EU in 1999, the three separate businesses, Aldeasa, Alpha and World Duty Free Europe, were acquired by the Italian company Autogrill S.p.A. After acquiring Aldeasa (50% in 2005 and the remaining 50% in 2008) and World Duty Free Europe(2008), Autogrill Group started a process to integrate them with the Alpha Group Travel Retail division (acquired in 2007).[6] This process led to the set up in 2011 of the new World Duty Free Group, which controlled all Autogrill Group’s Travel Retail and Duty Free business. The company became one global organization in 2011, formed of European airport retailers Aldeasa and WDF, and the experience in the industry dates back to the 1950s.[7]

On September 2013, Autogrill completed the transfer of the US Travel Retail Division from HMS and its subsidiarie Host International to WDFG.[8]

Demerger and listed[edit]

On 6 June 2013, the Shareholders of Autogrill approved the project of proportional partial demerger whereby Autogrill S.p.A. transferred the Travel Retail and Duty Free business to its wholly owned subsidiary World Duty Free S.p.A. (parent company of World Duty Free Group), the beneficiary, by assigning to the latter the entire shareholding in the Group’s Travel Retail and Duty Free business.[8]

On 30 August 2013 World Duty Free S.p.A. filed an application for the listing of its ordinary shares on the Mercato Telematico Azionario (electronic stock market) organized and managed by Borsa Italiana S.p.A.[9]On 1 October 2013, World Duty Free has listed on the Borsa Italia in Milan, marking the culmination of the demerger process from parent group Autogrill.[8]

Free

Discrimination against Chinese customers[edit]

In February 2018, a World Duty Free shop in Heathrow Airport triggered outcry in China and been criticised by state-run media after apparently being caught discriminating against the country’s passengers. The accusations emerged after an employee at retailer World Duty Free alleged they had seen the store offer 20 percent VIP discount vouchers to customers spending £79 or more, while telling passengers travelling to China they had to spend £1,000 to qualify.[10]

Europe

World Duty Free Group[edit]

World Duty Free Group operates in more than 550 stores and duty-free shops in 20 countries.[11] It is present with a substantial international presence in the European airport retail heartlands of Spain and United Kingdom and in the Middle East, North America, Latin America.[12]

In November 2013, World Duty Free Group won the tender to operate 11 stores at Helsinki Vantaa Airport – the retailer’s first business in the Nordic region. Thanks to it, WDFG operates four duty free and duty paid store, including two walkthrough shops, offering the core categories of beauty, liquor, tobacco and confectionery. The group operates around 2,500sq m for the core categories.[13] It also operates seven specialty stores, totaling approximately 600sq m, focused on luxury product categories. WDFG operations started at Helsinki Airport in March 2014. The first of the newly renovated shops opened in 2015.[14]

Sunny Europe Duty Free Shop Catalogue

In November 2014 Eugenio Andrades was appointed CEO, following the announcement of former CEO José Maria Palencia’s resignation. [15][16]

In November 2015, the company was taken over by Dufry and shares in the group were delisted from the MIB.

See also[edit]

References[edit]

Sunny Europe Duty Free Shop
  1. ^'WDFG revenue +11.6% in early 2014 following 'transformational' year Article'. Frontier Magazine. 2014-03-10. Retrieved 2014-05-14.
  2. ^'Business Channels'. World Duty Free Group. Retrieved 24 November 2013.
  3. ^'Centre for Air Transport and the Environment - Clients'. Cate.mmu.ac.uk. Retrieved 2014-05-14.
  4. ^'Es mucho mas'(PDF). Moodiereport.com. Retrieved 2014-05-14.
  5. ^'Alpha Airports Group PLC: Information from'. Answers.com. Retrieved 2014-05-14.
  6. ^'Regulation merger Procedure - Case No. COMP/M.5123 - Autogrill / World Duty Free'(PDF). Ec.europa.eu. Retrieved 2014-05-14.
  7. ^Newhouse, Doug (2012-02-28). 'World Duty Free Group launches new branding'. Trbusiness.com. Retrieved 2014-05-14.
  8. ^ abc'Autogrill SpA (AGL.MI) Quote'. Reuters.com. Retrieved 2014-05-14.
  9. ^'Autogrill: the proportional partial demerger project for the Travel Retail & Duty Free business was approved'. Reuters. 2013-06-06. Retrieved 2014-05-14.
  10. ^Connor, Neil; Farmer, Ben (12 February 2018). 'Chinese outcry at Heathrow duty free 'discrimination''. Retrieved 29 October 2018 – via www.telegraph.co.uk.
  11. ^'World Duty Free Profile'. Financial Times. Retrieved 24 November 2013.
  12. ^'Where we are'. World Duty Free Group. Retrieved 2014-05-14.
  13. ^'World Duty Free Group wins Helsinki contract'. Dfnionline.com. Retrieved 2014-05-14.
  14. ^'World Duty Free Group makes major Nordic breakthrough at Helsinki'. TheMoodieReport.com. Retrieved 2014-05-14.
  15. ^'Eugenio Andrades announced as new World Duty Free CEO'. www.dfnionline.com. Retrieved 29 October 2018.
  16. ^Editorial, Reuters. 'UPDATE 2-World Duty Free names insider as new CEO'. Retrieved 29 October 2018.

External links[edit]

Retrieved from 'https://en.wikipedia.org/w/index.php?title=World_Duty_Free&oldid=866259430'

This is a list of duty-free shops. A duty-free shop is a retail outlet that is exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component.

Duty Free Shop In Sri Lanka

Duty-free shops[edit]

A Hellenic Duty Free Shops store at Athens International Airport
A James Richardson Duty Free store in the airside rotunda of Ben Gurion Airport Terminal 3, Israel, May 2006
  • Comturist – a chain of duty-free stores. It was formerly a chain of hard currency luxury shops that existed in Communist Romania, managed by the Ministry of Tourism.[1] After the 1989 Romanian revolution, these stores became obsolete and were sold off in 1991 to private business owners; as a result of this sale by auction, the Comturist name is still in existence today as a chain of duty-free shops.
  • DFS Group – a Hong Kong based travel retailer of luxury products established in 1960. Its network consists of duty-free stores located in 17 major airports and 18 downtown Galleria stores,[2][3] as well as resort locations worldwide. It is privately held and majority owned by the luxury conglomerate Moët Hennessy Louis Vuitton (LVMH), alongside DFS co-founder and shareholder Robert Miller. As of January 11, 1997, DFS Group operates as a subsidiary of LVMH.[4]
  • Dubai Duty Free – the company responsible for the duty-free operations at Dubai International Airport. DDF became the largest airport retailer in the world in terms of sales in 2012.[5] DDF represents over 5% of global duty-free sales,[6] generating 2014 revenues of $1.91 billion[7] and 2016 revenues of $1.85 billion.[8] It began operations at Dubai International Airport in December 1983.[9]
  • Dufry – a Swiss-based travel retailer operating around 2,200 duty-free and duty-paid shops in airports, cruise lines, seaports, railway stations and central tourist areas. Dufry employs almost 29,000 people. The Company, headquartered in Basel, Switzerland, operates in over 60 countries worldwide.
  • Hellenic Duty Free Shops – founded in 1979, it is a company in the travel retail industry that sells taxed and duty-free goods from brand name products to travelers passing through Greece’s exit points. The company holds the exclusive right to the retail sale of duty-free goods in Greece.
  • James Richardson Corporation – an Australian furniture, hospitality, real estate and retail corporation, headquartered in the Melbourne, Australia suburb of Abbotsford, it is perhaps best known among consumers for its duty-free retail stores in airports and border crossings in Australasia and the Middle East. It operates eight duty-free stores in Australia and three in New Zealand under the trade name JR/Duty Free. Seven are located inside international airports and four in major city centres.
  • King Power – the largest duty-free retailer in Thailand, its duty free shopping mall in Bangkok's central business district covers over 12,000 m2,[10] and it has branches at Suvarnabhumi Airport and Thailand's other major airports. In 2015, King Power launched an online site selling duty-free and duty-paid items.[11]
  • World Duty Free – the holding company of World Duty Free Group, is an Italy-based multinational travel retailer that employs almost 8,500 people.[12] Since 1 October 2013, the company is a constituent of the FTSE MIB index with the ticker symbol WDF:IM.

See also[edit]

  • Free-trade zone

References[edit]

  1. ^Eastern Europe - Economic Affairs - 1984 U.S. military report
  2. ^'DFS Group launches 'T Galleria', its new store concept for international travellers'. 2013-11-01. Retrieved 2016-07-08.
  3. ^'Shop DFS - Premium Tax Free'. Retrieved 2016-09-28.
  4. ^'History of DFS Group Ltd. – FundingUniverse'. www.fundinguniverse.com. Retrieved 2016-07-08.
  5. ^Chevalier, Michel (2012). Luxury Brand Management. Singapore: John Wiley & Sons. ISBN978-1-118-17176-9.
  6. ^Sophia, Mary (16 October 2014). 'Dubai Duty Free Named World's Largest Airport Retailer'. Gulf Business. Retrieved December 1, 2014.
  7. ^Algethami, Sarah (4 January 2015). 'Dubai Duty Free sales reach Dh6.99bn in 2014'. Gulf News. Retrieved 5 January 2015.
  8. ^Reporter, Cleofe Maceda, Senior Web (2017-01-05). 'Dubai Duty Free sales drop on currency fluctuations'. GulfNews. Retrieved 2017-01-24.
  9. ^'About DDF'. Retrieved 14 December 2013.
  10. ^'King Power Downtown Complex'. King Power. 2012. Archived from the original on 2012-10-04.
  11. ^'Duty Free Online Shopping'. King Power. Retrieved 25 May 2016.
  12. ^'Business Channels'. World Duty Free Group. Retrieved 24 November 2013.

Sunny Europe Duty Free Shop In Belgium

External links[edit]

  • Media related to Duty-free shops at Wikimedia Commons
Retrieved from 'https://en.wikipedia.org/w/index.php?title=List_of_duty-free_shops&oldid=846529950'
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