Dufry

Dufry AG
Publicly traded company
Traded as SIX: DUFN
Industry Duty-free shop
Founded 1865
Headquarters Basel, Switzerland
Number of locations
 2,200
Area served
 Worldwide
Key people
 Juan Carlos Torres Carretero, (Chairman)
Julián Diaz, (CEO)
Products Consumer Goods
Revenue Increase US$ 8.4 billion (2017)
Increase US$ 168.2 million (2013)
Number of employees
 29.000 (2018)
Website dufry.com

Dufry AG is a Swiss-based travel retailer operating around 2,200 duty-free and duty-paid shops in airports, cruise lines, seaports, railway stations and central tourist areas. Dufry employs almost 29,000 people. The company, headquartered in Basel, Switzerland, operates in over 64 countries worldwide.

History

The company owns stores at airports, railway stations, and ports, and operates concessions onboard airlines and cruise ships.

Milestones and History

In September 2017, Dufry International created Malaysian joint-venture, with Ho Wah Genting Berhad to operate in Sky Avenue duty-free store in Pahang.[1][2]

  • 2015: Acquisition of World Duty Free[3]
  • 2014: Acquisition of The Nuance Group[4]
  • 2012: Acquisition of 51% of joint venture with RegStaer Group in Russia. Acquisition of 51% of travel retail operations of Folli Follie Group in Greece
  • 2011: Acquisitions of retail companies within Argentina, Uruguay, Ecuador, Martinique and Armenia, involve 21 duty-free shops split between ten airports
  • 2010: Merger of Dufry Ltd. With Dufry South America Ltd.
  • 2008: Acquisition of US based travel retailer Hudson Group with 550 shops in 69 airports and transportation terminals in the United States and Canada.
  • 2007: Acquisition of one of the main travel retail operator in the Caribbean based in Puerto Rico with 23 shops in Puerto Rico and other Caribbean locations.
  • 2006: Initial Public Offering of Dufry South America Ltd. (DSA) in December. Trading of the shares on the Brazilian and Luxembourg stock exchanges. Acquisition of the Brazilian travel retailer Brasif and its logistic platform Eurotrade - Dufry makes a quantum leap in South America.
  • 2005: Dufry becomes a publicly listed company - its shares being listed on SWX Swiss Exchange. Acquisition of the remaining 25% share capital from previous shareholders by a consortium led by Advent International Corporation. Change of logo / corporate design.
  • 2004: Consortium led by Advent International Corporation acquires 75% of outstanding share capital of Dufry. Focusing of strategy on travel retail - divestment of wholesale and non-strategic activities (February).
  • 2003: Name changes to Dufry.
  • 1952: Start of duty-free retail business - opening of the first duty-free shop in continental Europe in Paris/Le Bourget.
  • 1948: Start of duty-free wholesale business.
  • 1865: Origin of the group.

Location

Some of the principal locations of the company are:

The company is listed on the SIX Swiss Exchange (ticker: DUFN). Until August 20, 2018, the company was also listed on BM&F Bovespa (ticker: DAGB33)[6].

See also

Dufry - Global Customer Service

References

  1. ↑ "Dufry and Ho Wah Genting create Malaysian joint-venture". www.dfnionline.com. Retrieved 2017-10-16.
  2. ↑ "Dufry and HWGB in new duty free Malaysian JV for Chinese | Travel Retail Business". Trbusiness. 2017-09-26. Retrieved 2017-10-16.
  3. ↑ Ward, Carol (March 30, 2015). "Dufry To Acquire World Duty Free — Airport Revenue News (ARN)". www.airportrevenuenews.com. Airport Revenue News (ARN). Retrieved 13 June 2016.
  4. ↑ https://www.bloomberg.com/news/2014-06-04/dufry-agrees-to-purchase-nuance-group-for-1-55-billion-francs.html
  5. ↑ https://kuaibao.qq.com/s/20180331B02C0I00
  6. ↑ "SIX Swiss Exchange - 2018". www.six-group.com. Retrieved 2018-09-25.
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