Dufry signs new contracts in Italy & Czech Republic

15 Apr '08

3 min read

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.

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