Dufry extends Malta International Airport agreement
Global duty free retailer Dufry has signed an extension to its concession contract at Malta International Airport. The agreement, which covers three stores, and will see Dufry increase its commercial space at the location by 20%, includes new terms for investment, extension, and remodeling: Dufry gets more space, the airport gets better shops – a win-win scenario!
Dufry’s share price has risen by 10% so far this year
SOURCE: Yahoo Finance
When the renovations are done, Dufry will be left with 1,400 m2 of floor space on level one of the Malta International Airport. The company will offer all of the traditional products – alcohol, confectionary, cosmetics, tobacco, souvenirs, and more – and even include a “Beauty Studio” that lets travellers try-before-they-buy, and receive advice from trained staff.
Pedro Castro, CEO for Dufry in Southern Europe and Africa, said: “We are delighted to have signed this agreement and to have the opportunity to continue working with this great airport partner. We thank them for their confidence in Dufry to be part of the airport’s development. We are positive that our joint collaboration and planning will offer passengers a happy and memorable experience when travelling through Malta International Airport.”
Alan Borg, Malta International Airport’s CEO also commented on the renovations, which will conclude in April next year, saying: “In recent years, we have been putting more effort in transforming the airport journey into an experience that delights travellers and gives guests a first and last impression of our islands. We are confident that a revamped duty free store having a strong Maltese identity will continue to enhance the passenger experience.”
Dominion holds Dufry in its Global Trends Luxury Fund.
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