Dufry win Channel Islands deal
Select language to see a machine translation of this article. The original language of the Article is English and the translation is provided for your convenience.

Dufry win Channel Islands deal

Most people know Dufry as the company they turn to when they want to pick up a luxury treat from the duty-free outlet at the airport they are passing through. And, those who don’t know them have probably shopped there too! Now, the company have revealed a new long-term deal to expand at a Channel Islands airport.

Whether it’s perfume, jewellery or a pair of designer sunglasses that shoppers are looking for, Dufry have a lot of the market locked off, as they own so many huge retail spaces in most regions.

Because of this, they are always looking to keep their space at these airports, and expand where possible. Now, Dufry have announced that World Duty Free, one of their retail brands, has agreed a new 10-year contract to extend their stay and expand in Jersey Airport in the Channel Islands.

The new arrangement, which will come into force from as soon as the beginning of March, will result in an increase in the size of World Duty Free’s retail space, from 260 square metres to 750 square metres.

Julian Diaz, CEO of Dufry, said: “We are extremely pleased to have reached this agreement with Ports of Jersey and would like to thank the management team for renewing their trust in World Duty Free and Dufry.

“We have always worked in close partnership and value the relationship we have built up over the years. We’ve demonstrated that we have the capability to offer landlords state-of-the-art retail solutions and we look forward to creating a fantastic store at the airport and introducing exciting new products for our regular Jersey customers – as well as the many visitors attracted by all that Jersey has to offer.”

Dufry have stated that the extension and increased shopping space will be used to introduce ‘ ‘new products, more local products and a redevelopment of the retail layout’.

Doug Bannister, CEO of the Ports of Jersey, said: “After a thorough tender process we are delighted to continue our long standing and successful partnership with World Duty Free.” 

Disclosure
Dominion holds Dufry in its Global Trends Luxury Fund.



If you would you like to receive the Newsfeeds daily, please click here to sign up now!

Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
0.0/5 rating (0 votes)

Disclaimer
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.