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

Indian textile & apparel exports fall 13% in Jan 2018

Textiles | On 17th Feb 2018

Indian textile & apparel exports fall 13% in Jan 2018

A decline of 13 per cent year-on-year has been observed in the...

Brazilian cotton prices move up in first fortnight

Textiles | On 17th Feb 2018

Brazilian cotton prices move up in first fortnight

Cotton prices rose in Brazil in the first fortnight of February, as...

Courtesy: OrganoClick

Textiles | On 17th Feb 2018

OrganoClick introduces OrganoTex for water repellency

OrganoClick has introduced OrganoTex, a textile impregnation product...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

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

Nisha Chanda
Whistling Woods International School of Fashion

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

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.3%
No
12.9%
Skip
16.8%

Total Votes: 101

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.4%
No
29.7%
Skip
6.9%

Total Votes: 101

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.1%
No
8.9%
Skip
3.0%

Total Votes: 101

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.2%
No
7.9%
Skip
8.9%

Total Votes: 101


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search