Dufry

Dufry AG is a Swiss-based travel retailer which operates duty-free and duty-paid shops and convenience stores in airports, cruise lines, seaports, railway stations and central tourist areas. The company, headquartered in Basel, employs almost 36,000 people and operates in over 65 countries worldwide. It is publicly traded on the SIX Swiss Exchange.

Dufry AG
publicly listed company
Traded asDUFN
ISINCH0023405456 
IndustryTravel Retail
Founded1865
HeadquartersBasel, Switzerland
Number of locations
2,300
Area served
Worldwide
Key people
Juan Carlos Torres Carretero (board chair)
Julián Díaz González (CEO)
ProductsConsumer Goods
Revenue CHF 8.7 billion (2018)
CHF 135.4 million (2018)
Number of employees
36.000 (2018)
SubsidiariesHudson, World Duty Free, Nuance, Hellenic Duty Free Shops, Reg Staer, Duty Free Uruguay, Duty Free Argentina, Colombian Emeralds
Websitedufry.com

Retail brands

The company's retail brands are:

  • Hudson
  • World Duty Free
  • Nuance Group
  • Hellenic Duty Free Shops
  • Reg Staer
  • Colombian Emeralds
  • Duty Free Uruguay
  • Duty Free Shop Argentina

In addition, Dufry is also used as a brand name for some general travel retail shops.

History

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

Milestones and History

  • 2019: Dufry acquires a 60% stake of RegStaer Vnukovo.
  • 2018: Dufry's subsidiary Hudson Ltd. listed on the New York Stock Exchange (NYSE) with its first trading day on February 1, 2018
  • 2016: Renewal of existing concession contracts. Company is included in the Swiss Leader Index, compiled of the 30 largest Swiss Corporations listed on the SIX Swiss Exchange.
  • 2015: Acquisition of World Duty Free[1]
  • 2014: Acquisition of The Nuance Group[2]
  • 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.
  • 2005: Dufry becomes a publicly listed company - its shares being listed on SIX 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:

See also

References
  1. 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.
  2. Mulier, Thomas; Roberts, Andrew (2014-06-04). "Dufry to Acquire Travel Retailer Nuance for $1.7 Billion". Bloomberg News. Retrieved 2020-03-02.
  3. https://kuaibao.qq.com/s/20180331B02C0I00
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