1852 to 2022: Lagardère Travel Retail celebrates 170 years
Paris, 13 September 2022
This year marks an historic milestone for Lagardère Travel Retail, as the group celebrates 170 years of service to travelers. From the very first bookstore Louis Hachette opened in Paris Gare de Lyon in 1852 to the global company it is today, with roots in over 40 markets and a long-standing expertise of operating retail, convenience and F&B, we have a rich history built on strong partnerships, values, and people’s excellence.
Lagardère Travel Retail has been pioneering Travel Retail for 170 years. Starting with a small bookstore opened in 1852 in Paris Gare de Lyon, by Louis Hachette, the group now operates nearly 5,000 Retail, Convenience and F&B outlets in over 40 markets.
Our 20,000 colleagues are dedicated to designing bespoke partnerships and holistic passenger experiences. We have thrived on our very unique culture of empowering local teams. This organizational model gives us access to an in-depth understanding of local markets and great levels of proximity and flexibility. This is also how we are now able to convey the best of local cultures and know-hows into the stores and support the local communities we serve.
Lagardère Travel Retail’s 170-year journey in key dates:
1852: Opening of a first bookstore at Paris Gare de Lyon railway station
1958: Opening of the first Duty Free store, at Brussels airport
1984: Invention of the ‘Red shop’, a modern convenience concept and the ancestor of Relay
1985: Opening of the first Food & Beverage operations in French hospitals
2000: Roll-out of Relay as a global Travel Essentials brand
2001: Launch of the Aelia Duty Free international brand
2014: Acquisition of Retail and F&B player Airest, also operating across all segments of activity
2015: Acquisition of Paradies, followed three years later by HBF and Vino Volo in North America
2022: Opening of the very first Aelia Duty Free eco-responsible store at Geneva airport, and acquisition of HWH F&B operations in the Middle East
During our history, the company has changed many times. It has faced challenges but every time we have overcome them to come back stronger. Lagardère Travel Retail is proud to rely on strong foundations and its long-standing strategic focus to succeed in today’s environment. The most local of global players, we create bespoke partnerships to adapt to individual needs, we capture the vibrant cultures of the communities we serve to make each travel location unique, we have organized ourselves to maximize our growth potential and we have an ambition to lead the industry in sustainability.
At a time when travel and travelers are changing, and market dynamics are shifting, we look forward to building on our vast experience to respond to emerging challenges and opportunities and to serving the needs of partners and travelers for many more years. We are also on a journey to contribute to making travel more responsible, and to deliver world-class customer experiences.
Commenting on this milestone moment, Dag Rasmussen, Chairman & CEO, Lagardère Travel Retail, said: “I feel very privileged to be celebrating this historic milestone with our 20,000 colleagues globally. Our incredibly rich and diverse history is difficult to sum up but I believe our sense of purpose and the passion we have to serve our customers have been immutable forces all along. Lagardère Travel Retail’s journey has been one of change, and improvement. Every challenge we have faced, every market shift we have responded to, has been an opportunity for us to learn and grow. I hope all our people and partners can join us in celebrating quite a unique moment and share this sense of excitement to continue this journey with us.”
One of the two divisions of the Lagardère group, Lagardère Travel Retail is a global leader in the travel retail industry. Operating over 4,800 stores across Travel Essentials, Duty Free & Fashion and Foodservice in airports, railway stations and other concessions in 42 countries and territories, Lagardère Travel Retail generated €2.9 bn in sales in 2021 and €5.5bn in 2019 (managed 100%). Lagardère Travel Retail has a unique holistic approach aimed at exceeding travelers’ expectations throughout their journey, and optimizing landlords’ assets and partners’ brands. www.lagardere-tr.com – @LagardereTR
To receive institutional press releases from the Lagardère group, please complete the following fields:
LAGARDERE SA announces that it has entrusted EXANE with the implementation of a liquidity contract in order to enhance the liquidity of transactions and the regularity of the quotations of its shares admitted to trading on Euronext Paris (ISIN: FR0000130213 – Mnemonic: MMB) (the “Liquidity Contract”). The Liquidity Contract, which complies with the provisions set out in the legal framework in force, in particular Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse as amended, […]
Lagardère Travel Retail today announces it has entered into an agreement to acquire Marché, the multi-brand international catering company. With this transaction, Lagardère Travel Retail considerably strengthens its network of Foodservice operations and confirms its long-standing strategic ambition to grow across all segments of activities in Travel Retail and Dining to holistically cover landlord and traveler needs. It also reinforces its portfolio of internal brands, Marché being a long-standing and highly recognized brand globally. Lagardère Travel Retail and Marché today have signed an agreement whereby […]
This year marks an historic milestone for Lagardère Travel Retail, as the group celebrates 170 years of service to travelers. From the very first bookstore Louis Hachette opened in Paris Gare de Lyon in 1852 to the global company it is today, with roots in over 40 markets and a long-standing expertise of operating retail, convenience and F&B, we have a rich history built on strong partnerships, values, and people’s excellence. Lagardère Travel Retail has been pioneering Travel Retail for 170 years. Starting with […]
The nomination of Catherine Guyomard, an experienced international human resources leader with a track record of developing world-class HR programs at top retail firms is testament to Lagardère Travel Retail’s focus on People, Engagement and on Culture, some of the Group’s strategic priorities. In her role, Catherine will be supporting Lagardère Travel Retail’s global and local leadership teams in attracting, retaining and developing talents. She will also focus on further developing the company’s culture and creating a work environment where everyone can thrive and reach […]
Sharp 38.6% growth in Lagardère group revenue and high level of recurring EBIT, at €107 million (versus €3 million in first-half 2021) Good performance for Lagardère Publishing: revenue virtually stable (down 1.0%1) against a record-beating prior-year performance and in a fast-changing macroeconomic environment Strong recovery at Lagardère Travel Retail (up 97.2%), driven by its EMEA and North America operations Corporate cost reduction target maintained Full-year 2022 guidance maintained Key figures In the first half of 2022, Group revenue totalled €3,027 million, up 38.6% on a […]
Groupe ADP has launched a public consultation on its Duty Free & Retail activities for Paris-Charles de Gaulle and Paris-Orly airports. Lagardère Travel Retail has been chosen to become the Groupe ADP’s co-partner in Extime Duty Free Paris, as part of the roll-out of the Extime hospitality and retail brand. Extime Duty Free Paris will operate around 140 beauty, gourmet, technical and fashion outlets. It will be 51% owned by the ADP Group and 49% by Lagardère Travel Retail, subject to the approval of the relevant competition […]
Lagardère Travel Retail has published today the second report in the “Travel Experience Voices” series, building on more than 20 face-to-face interviews with top airport and brand executives from across the globe. This report, named “Pathways to growth”, showcases how industry stakeholders are taking proactive measures to prepare their businesses for the future, and to play their part in creating a more sustainable Travel Retail and Dining industry. These in-depth insights are supplemented with key findings from a quantitative online survey of 200 airports and brands, in […]
The Annual Ordinary and Extraordinary General Meeting of the shareholders of Lagardère SA (the “Company”) will take place at 10:00 a.m. on Tuesday, 18 April 2023 at Casino de Paris, 16, rue de Clichy, 75009 Paris, France. The notice of meeting was published at the French official legal announcement publication (BALO) on Friday, 17 February 2023. The convening notice, including the agenda and the text of the draft resolutions that have been modified since the publication of the notice of meeting, will be published at […]
On 14 March, at the first annual ANDRH (National Association of Human Resources Directors) Awards, Hachette Livre won the “RH & Environment” award for the projects rolled out by its HR and CSR teams over the past year. This honour rewards the efforts made by Hachette Livre to raise awareness about eco-design among employees. The company implemented several different approaches: Fully conscious of its responsibility as the publishing leader and true to its longstanding commitment to environmental protection, Hachette Livre is now more committed than […]
On 10 March 2023, the Board of Directors of Lagardère SA unanimously confirmed the advisability of implementing the plan to make the Group’s radio division (Europe 1, Europe 2 and RFM) autonomous, through a reorganization of its ownership and governance. As previously announced, the radio division would be consolidated under a holding company that would adopt the form of a limited partnership with shares, whose limited partners would be Lagardère group companies, and of which Mr. Arnaud Lagardère would be indirectly the General Partner and […]