Home / Knowledge / News / Fashion / Dufry signs new contracts in Italy & Czech Republic
Dufry signs new contracts in Italy & Czech Republic
15
Apr '08
Dufry has acquired a 10% stake in Hudson Group, a US based travel retailer with a turnover of more than USD 630 million and 550 shops in 69 airports and transportation terminals in the United States and Canada. Furthermore, Dufry has signed contracts to operate more than 4'000 sqm of new retail space in four Italian train stations and to operate shops with a total surface of 550 sqm at the Ruzyne International Airport in Prague.

Also, Dufry opened a series of new shops in Dominican Republic, Aruba, Singapore, Morocco and Italy in the past few months. The new shops complement existing operations in the respective locations and add a total of 2,559 sqm of retail space.

Hudson Group:
Dufry has acquired a 10% stake in Hudson Group, a leading travel retailer based in the US. The transaction was led by Advent International and Dufry acted as a co-participant in the transaction. Terms of the agreement were not disclosed.

With more than 550 newsstands, bookstores, cafes and specialty retail concessions in 69 airports and transportation terminals throughout the United States and Canada, Hudson Group is one of the leading travel retailers in this segment. More than 400 of its point of sales operate under the Hudson News concept, the only newsstand brand in North America. In 2007, Hudson Group achieved a turnover of USD 630 million.

Dufry currently operates 21 newsstand shops, most notably in Italy, Puerto Rico and Spain, which generated net sales of CHF 71 million in 2007. Dufry will use its investment into Hudson Group to develop its strategy of such convenience stores focused on domestic passengers and will mainly target markets, where Dufry already operates.


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search