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Dufry signs new contracts in Italy & Czech Republic

15 Apr '08
3 min read

The duty paid newsstand/convenience store segment, which generates profitability levels similar to general travel retail in certain regions, complements Dufry's current duty free activities in terms of business model and customers. Based on Dufry's in-depth understanding of passenger behaviour, the investment will provide insights for the further development of the newsstand/convenience business line on an international scale as well as the identification of synergies within Dufry.

Italian train stations:
Furthermore, Dufry signed a contract with Grandi Stazioni SpA to operate shops in four railway stations in Italy with a total retail surface of 4,084 sqm. The largest of the operations will be at Milan's Central railway station, where Dufry will open shops with a total retail surface of 1,832 sqm, followed by Florence main station, where the new shops will cover 1,130 sqm.

In Torino and Naples main station, Dufry's new shops will cover 686 sqm and 436 sqm, respectively. The shops in Milan and Torino are expected to open in summer 2008 while the opening of the shops in Florence and Naples are scheduled for 2009.

Grandi Stazioni SpA is majority owned by Ferrovie dello Stato and is the real estate operator of Italy's thirteen largest railway stations as well as a number of major European railway stations.

Czech Republic:
Dufry also concluded an agreement to operate seven duty free shops at Ruzyne International Airport in Prague. The shops will cover a total of 550 sqm and will offer the full assortment of duty free products ranging from perfumes & cosmetics to liquor and cigarettes.

Ruzyne Airport is the only international airport in the Czech Republic and manages around 12 million passengers per annum. The business is structured with a local partner who will support Dufry's development in the Czech Republic.

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Dufry AG

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