Dufry
 Dufry AG Logo | |
| Subsidiary | |
| 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 |
 US$ 4.1 billion (2013) |
|
US$ 168.2 million (2013) | |
Number of employees | 19,946 (2014) |
| Website | www.dufry.com. |
Dufry AG is a Swiss-based, American-owned travel retailer operating around 1,700 duty-free and duty-paid shops in airports, cruise lines, seaports, railway stations and central tourist areas. Dufry employs almost 21,000 people. The Company, headquartered in Basel, Switzerland, operates in over 60 countries worldwide. It is a subsidiary of American company Advent International.
History
The Company was owned by Patrick Laurent until it was sold to a joint venture led by Advent Mexico in March, 2004. This worldwide company owns stores at airports, railway stations, and ports, and operates concessions onboard airlines and cruise ships.
Milestones and History
- 2015: Acquisition of World Duty Free
- 2014: Acquisition of The Nuance Group[1]
- 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:
- Guarulhos International Airport, São Paulo, (Brazil);
- Kempe Gwoda International Airport, Bangalore (India)
- Benito Juárez International Airport, Mexico City, (Mexico);
- Malpensa International Airport, (Italy);
- All of Milan's railway stations, (Italy);
- Belgrade Airport, (Serbia);
- Sharjah International Airport, (United Arab Emirates);
- Tunis-Carthage International Airport, (Tunisia);
- Mohammed V International Airport, Casablanca, (Morocco);
- Sheremetyevo International Airport, Moscow, (Russia); Alexandria Borg EL arab International airport, (Egypt);
- Sharm el-Sheikh Airport, (Egypt).
The company is listed on the SIX Swiss Exchange (ticker: DUFN) and BM&F Bovespa (ticker: DAGB33).
References
- ↑ http://www.bloomberg.com/news/2014-06-04/dufry-agrees-to-purchase-nuance-group-for-1-55-billion-francs.html