Hudson Group

Hudson Group
Subsidiary
Industry Travel Retail
Headquarters East Rutherford, New Jersey
Number of locations
 970
Areas served
 United States, Canada
Products Consumer Goods
Parent Dufry AG
Website www.hudsongroup.com

Hudson Group, one of the largest travel retailers in North America, is a wholly owned subsidiary of international travel retailer Dufry AG of Basel. Based in East Rutherford, New Jersey, the Company operates more than 970 Hudson, Hudson News, Hudson Booksellers, cafes, specialty retail and duty-free shops in 87 airports and transportation terminals in the United States and Canada.

The company's holdings include Hudson News, the world's largest operator of airport newsstands.[1]

History

In 1918, Isaac Cohen founded Hudson County News in Bayonne, New Jersey. In 1947, under the leadership of Robert B. Cohen, Hudson County News began delivering magazines in Hudson County, New Jersey.

In the 1980s Cohen took over a bankrupt newsstand operator the company was supplying at Newark Airport. In 1987, he set up the first branded Hudson News store in LaGuardia Airport.

This group was renamed Hudson Group Retail Specialists in 1998, reflecting the expansion from newsstands into cafés, bookstores and speciality retail.

In 2008, private equity firm Advent International acquired the Hudson Group, and merged Swiss duty-free retailer Dufry of Basel, Switzerland with the Hudson Group. Under the terms, Hudson Group became a wholly owned subsidiary of Duffy.

In 2011, Hudson Group was given responsibility for all of Dufry's duty-free operations in North America, expanding its travel retail scope.

Later, in 2013, Hudson Group debuted the new “Hudson” travel essentials concept, which had evolved from its "Hudson News" roots to focus on travel essentials. Over time, Hudson Group's retail portfolio expanded even further, and it is now one of the largest travel retailers in North America.

In February 2018, Hudson Group was listed on the New York Stock Exchange under the ticker symbol ″HUD″.[2]

Present

Hudson Group is managed by Joseph DiDomizio, President and CEO. The Company currently employs nearly 10,000 people.

Locations

The Company operates more than 970 stores throughout North America, mainly in airports and commuter terminals. Hudson News operates in 24 of the 25 busiest airports in North America.

Reflecting its roots in the New York metropolitan area, the company also operates stores in New York Penn Station, Newark Penn Station, Grand Central Terminal, the Port Authority Bus Terminal, the United Nations Gift Centre inside United Nations Headquarters (not to be confused with the UN's own bookstore), the Jacob K. Javits Convention Center, and the Empire State Building.

In 2016, Hudson Group expanded its footprint to also operate retail outlets in Las Vegas hotels.

References

  1. ↑ Newman, Richard (2012-02-01). "Robert Cohen, Hudson News magnate, dies at 86". The Record (Bergen County). NorthJersey.com. Archived from the original on 2012-05-31.
  2. ↑ "Dufry AG Announces Closing of Hudson Ltd.’s Initial Public Offering". Press release, Dufry AG. 6 February 2018.
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