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2016 challenges

 




DAG RASMUSSEN

Chairman and Chief Executive Officer of
Lagardère Travel Retail
 

WHAT WERE THE KEY HIGHLIGHTS IN 2015?

In 2015, Lagardère Travel Retail continued to grow in a highly competitive market, winning numerous tenders in Asia-Pacific (Auckland, Singapore and Hong Kong), the Middle East (Abu Dhabi) and Europe (Nice, London and Luxembourg).

Par ailleurs, la transformation de nos différents magasins dans les réseaux existants s'est poursuivie.
We also pressed ahead with the transformation of our stores in existing networks, with the new Relay concept rolled out in most of our sales outlets in France following a major refurbishment programme.

Lastly, the acquisition of Paradies has now lifted Lagardère Travel Retail to the number three spot in the North American Travel Retail market.

WHAT ARE YOUR CHALLENGES AND PRIORITIES FOR 2016?

Our priorities for 2016 are integration, consolidation, growth and profitability.

In North America, successfully integrating Paradies will be a major challenge. Similarly, we must also ensure that our major openings in Auckland, Luxembourg, Nice and Warsaw, for example, are successfully consolidated.

Now is also the time to start preparing for the opening of duty free stores in the new Abu Dhabi airport, scheduled for 2017.

Lastly, as in 2015, we need to step up our development either through external growth transactions or by winning calls for tender, both in countries where we currently operate and in new, untapped markets.

This is an area where Lagardère Travel Retail's time-tested experience in its various business sectors offers real potential for consolidating its leadership.

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