Home / Knowledge / News / Fashion / Nuance JV LFP is 'Top Commercial Company in Portugal'
Nuance JV LFP is 'Top Commercial Company in Portugal'
17
Nov '09
Lojas Francas de Portugal is ranked number one in the commercial field among the 500 biggest & best companies in Portugal. The conclusion was reached by Exame magazine, based on a series of indicators and economic and financial ratios, with which the profile of the main companies in their respective fields are traced. According to the magazine, the purpose of this study is to measure the performance and dynamism of each company, and its contribution to national wealth.

LFP was created in 1995 as a joint venture between TAP (Portugal's leading airline) holding 51 per cent and The Nuance Group (leading airport retailers in the world) holding 49 per cent. The company leads the retail sector in Portuguese airports, managing and operating 18 establishments in the Lisbon, Porto, Faro, Ponta Delgada, Santa Maria and Horta airports. LFP also controls the onboard sales for TAP and STP Airways flights.

LFP's activities are presented in the 2009 special edition of “EXAME – 500 Biggest & Best”, highlighting the company's good results, which can be traced back to the “introduction of various measures to stir the commercial waters, and optimise and increase efficiency”, making way for growth in the region of 20 per cent in 2008, “a year marked by a negative economic trend”.

Nuno Amaral, CEO for LFP, explains that the commitment of the company's employees was instrumental in obtaining these results. At the same time, “plans to improve internal efficiency and productivity and to reduce costs” were also implemented. Exame magazine goes on to describe LFP's work promoting higher efficiency in terms of negotiations with suppliers, an increase in investment in marketing and the development of a curriculum for internal training aimed at the needs of the client. The effort to revamp the company's image and shops, the opening of new venues and investment in new flows of passengers is also underlined.

2008 saw the launching of LFP's new brand, aimed at three different sectors: Just for Travellers “Your journey starts here” for the main shops (traditionally referred to as Duty Free); Just Taste Portugal, for areas dedicated to the best that Portugal has to offer (regional products); and Just Luxury for fashion and luxury items.

LFP had already been named leading company in the retail sector, relative to turnover per sales area (in square meters) and per employee, in 2008 by the Portuguese Association of Retail Distributors.

Nuance Group


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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